STTCOMP GRR FA Long
850 Mill MC @ 75c per share approc
SP: 75c
1.1 Bill shares on issue
332m Cash (as per March quarterly)
Life of mine - Over 10 years
Have tipped this previously and have no idea how long a tip lasts... have rerun my working due to recent market movements and applied some extreme worst case scenarios on the discounting..
ASX GRR 1 Shares on Issue 1,157,338,698.00 2 Cash / Receivables at 31/3 $332,020,000.00 3 Cash / Receivablesvalue per share 0.286882311 4 Debt 0 5 Current Net Position $332,020,000.00 6 Share Price 0.75 7 Market Cap 868,004,023.50 8 Assumed production costs (AUD) $120.00 9 Life of Mine/Production asset (years) 10 10 Pellet price AUD $420.00 11 Earnings per tonne $300.00 12 Likely annual production rates 2,000,000.00 13 Assumed EBIT $600,000,000.00 14 Tax of 30% $180,000,000.00 15 Earnings after 30% tax reduction $420,000,000.00 16 Earnings per share 0.36 17 Assumed PE ratio of 5 $1.81 18 Assumed PE ratio of 5 + cash at 31/3 $2.10 19 Assumed PE ratio of 10 (life or project) + cash $3.92 20 21 40% discounton PE of 5 + cash (Iron ore price, production cost uncertainty etc) $1.70 22 23 20% discount on PE of 5 + cash (Iron ore price, production cost uncertainty etc) $1.90 24 25 10% discount on PE of 5 + cash (Iron ore price, production cost uncertainty etc) $2.00
This message (and any of my posts) is not financial advice and is all my opinion and study that could be wrong so speak to a professional and certainly never base any investment decisions off anything read here by unqualified people! DYOR
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