Its is hard from the graphs in presentations to see the expected Net Income p.a. when the project is up and running, but $ 300 m is my guess.
With 2.887 billion shares, the EPS will be 10.39 cps. Applying a 7.69 capitalization rate ( based on FMG ) a share price of 80 cents per share is deduced.
Starting with 30 cps Market price, you get a cumulative 11.5 % growth over 7 years to when it hits 80 cps.
This would exceed growth in capital city real estate.
Appreciate comments and corrections
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30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $880.6M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 30.5¢ | $46.84K | 150.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 251315 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 303332 | 3 |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| BCI (ASX) Chart |