This article is a good read & includes this:
Credit Suisse forecast boost
Credit Suisse on Feb. 2 lifted its 2021-22 iron ore price forecasts by 40%-50%, expecting prices to hold above $100/dmt through 2022, with a forecast of $150/dmt for 2021, and $120/dmt for 2022.
https://www.hellenicshippingnews.com/vales-weaker-production-china-demand-supports-iron-ore-outlook/
If iron ore was still at US$120/t for 2022 (65% Fe US$145/t) as CIA ramps up to 15 million tonnes per annum then with an US$80/t profit margin we would be looking at an annualised EBITDA rate of US$1.2 Billion (more than half CIA's current market cap)
I hope Credit Suisse has it right!
The majors have their dividends, but no other iron ore company can match CIA's future production growth.
Vale’s weaker production, China demand supports IO outlook
Add CIA (ASX) to my watchlist
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Last
$6.44 |
Change
-0.030(0.46%) |
Mkt cap ! $3.336B | |||
| Open | High | Low | Value | Volume |
| $6.54 | $6.58 | $6.41 | $4.071M | 630.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2644 | $6.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.45 | 9078 | 4 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| CIA (ASX) Chart |