The market is not fully aware of how undervalued GRR is... current pellet prices its trading PE of 1 & then most of market cap is cash... NTA 38c & could get partner for Southdown anytime... High grade ore premium is here to stay as China cracks down on pollution... I cant see them favouring lower grade ore in the future..
2.5mil tons × $200 pellet price = 500mil in revenue... even if production costs are $90/100t... margins are massive... Could easily support a share price of $1 and still be undervalued if Pellet prices remain over $200t..
Current shareprice is a joke, real gains are yet to come... dyor
Cheers!
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Last
26.0¢ |
Change
-0.015(5.45%) |
Mkt cap ! $300.9M |
Open | High | Low | Value | Volume |
27.0¢ | 27.0¢ | 26.0¢ | $679.1K | 2.579M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 300268 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 414678 | 40 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 300268 | 0.260 |
20 | 338865 | 0.255 |
32 | 583383 | 0.250 |
10 | 214194 | 0.245 |
13 | 392294 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 414594 | 40 |
0.270 | 328483 | 18 |
0.275 | 471091 | 13 |
0.280 | 165944 | 9 |
0.285 | 1817648 | 9 |
Last trade - 15.17pm 04/09/2024 (20 minute delay) ? |
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GRR (ASX) Chart |