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!
premium Iron ore pellets hit US$165.26/tonne, page-2
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
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
| Last trade - 15.17pm 04/09/2024 (20 minute delay) ? |
| GRR (ASX) Chart |