Pellets premium has rose from US$59 on Dec 2018 to US$75 on late Jan 2019, the Vale dam collapse will push it further up due to the pellets supply shortage, as the closed mine was producing 11 millions tons of pellets along with 30 millions Iron ore.
If Grange ca at least maintain the cost and increase shipping, we are seeing over $100 - 150 millions net profit easily.
That give it a PE of 2.5 at 0.25
Pellet Price, page-854
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.5¢ | $96.74K | 403.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 311733 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 11914 | 3 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
