AMN 3.13% 16.5¢ agrimin limited

What am I missing ?

  1. 10,861 Posts.
    lightbulb Created with Sketch. 271
    From yesterdays preso.

    SOP production expected 3-4th qt 2020. and full production within 2 years, 370,000 T production pa.
    Cost of production approx. US say $280/tonne FOB, so add another $20 US /T for whatevers .
    Presently selling @ US $540/T
    Profit ( dare I call it that ) $240 US/ T x 370,000 T pa , say $88,800,000 US ,
    Say $US 89,000.000 into Aust $ @ .70 = $127,000,000.
    124 million shares AMN shares currently on issue = possible $1.02 eps with say 70% div payout = .72 div.

    So Panda how does this fit and what am I missing, the biggie is time to production and selling price in 4 years time!
 
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