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.
This article is a good read & includes this:Credit Suisse...
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Last
$5.43 |
Change
-0.040(0.73%) |
Mkt cap ! $2.813B | |||
| Open | High | Low | Value | Volume |
| $5.31 | $5.45 | $5.29 | $8.924M | 1.658M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3999 | $5.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.44 | 10457 | 3 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| CIA (ASX) Chart |