Still trading at Disc to Cash. Why?, page-345

@Autosime @ValueSeeker

This all looks & reads Terrific.

“With the AUD at 75.3 and pellets steady - cash flow will be fantastic.
Great company to be holding in this environment.
On top of great cash margins propped up by 32 USD pellet premiums that will safeguard cash generation until the IO market recovers, our company has incurred most of the capex required for the next 5-7 years. This is very different to most IO players that have been diferring capex for the sake of balance sheet health as they are very much indebted.
So our company is emerging from the ugly downtrend stronger than how it entered it. Two sources of ore now, brand new infrastructure, great cash pile, same share count. Reserve life massive, 50 years. But given our share price, Grange is by far the best play in all of the mining space.

Oh and another thing. All these rubbish about the Chineese running the place. These guys work for half the remuneration Aussies receive. Just 4 million overheads on 250 million revenue.
The great news about the pellet price is the lower the AUD dollar goes the greater the USD premium translates to AUD cash flow.
Auto, absolutely! But even as things stand now we are generating 50 million free cash flow per year.”


Annnnnnnd yet...

sp is11c!
and 10.5c looms on the horizon
***