GRR 1.39% 35.5¢ grange resources limited.

Pellet price now $90.50US or about $120A. Deduct...

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    Pellet price now $90.50US or about $120A. Deduct shipping/freight @ $13US or $17A -- if capex is $15m, & corporate is $5m (which sound about right to me) this is about $20m per quarter or $80m p.a. in ebitda, These are big numbers for a mining enterprise with a long mine life, and a paltry market cap of $140m. Even allowing for uncertainty surrounding io price, and putting aside its massive cash balance, GRR is still far below intrinsic value. Yes, I know--- "Tell us something we don't already know!" GLTAH.
 
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36.0¢ 36.0¢ 35.0¢ $238.5K 668.8K

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9 178600 35.5¢
 

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36.0¢ 9266 3
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