1MC 25.0% 0.3¢ morella corporation limited

the next bci but better, page-2

  1. 390 Posts.
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    Further to my previous post. Assuming same cost and price metrics as reported in AGOs quaterly: $200 M EBITA from about 5 Mt ore for the half, this projects the following for AJM from next quarter on about 1 Mt (per year) share or 2 Mt ore for the expanded mount webber:

    $40 M or $80 M EBITA (per year) for the year respectively. Remember also that AJM has no debpt.

    Now for a company with MC of about $80 M this is excellent. Allowing for higher costs and lower IO price, even half the figures above ($20/$40M)would still be excellent.

    Am I correct? Too good to be true...for the current price.
 
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