GRR worth a spot on the watchlists given the Pellets (low emission high grade ore) they are selling.
Back of envelope calcs below.
ASX GRR Shares on Issue 1,157,338,698.00 Cash / Receivables at 31/3 $332,020,000.00 Cash / Receivablesvalue per share 0.286882311 Debt 0 Current Net Position $332,020,000.00 Share Price 0.75 Market Cap 868,004,023.50 Assumed production costs (AUD) $120.00 Life of Mine/Production asset (years) 10 Pellet price AUD $420.00 Earnings per tonne $300.00 Likely annual production rates 2,000,000.00 Assumed EBIT $600,000,000.00 Tax of 30% $180,000,000.00 Earnings after 30% tax reduction $420,000,000.00 Earnings per share 0.36 Assumed PE ratio of 5 $1.81 Assumed PE ratio of 5 + cash at 31/3 $2.10 Assumed PE ratio of 10 (life or project) + cash $3.92 40% discounton PE of 5 + cash (Iron ore price, production cost uncertainty etc) $1.70 20% discount on PE of 5 + cash (Iron ore price, production cost uncertainty etc) $1.90 10% discount on PE of 5 + cash (Iron ore price, production cost uncertainty etc) $2.00
Not advice just an opinion, something may have been overlooked so do your own research. Not a professional and this certainly isnt advice. Do your own research as always
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