well 62% iron ore up again to 122$aud we already know there is 5mt inferred if this gets upgrading to indicated then we get an update to 7.5-10MT of high grade ore and if management fast track the project given infrastructure if already in place this is a small but profitable project
opex is the main issue here but if prices remain this high still should be extremely profitable
5MT @122$ aud is $610m in ground value
7.5mt is $915m
10mt is $1220m
current ev is less than 15m
plenty of upside and hence the strong technicals breaking through new highs and up 2.7x in share price since announcement
traderrr
Ann: Pause In Trading, page-9
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Last
28.8¢ |
Change
-0.008(2.54%) |
Mkt cap ! $180.1M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 28.5¢ | $212.2K | 739.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38846 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 86688 | 6 |
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| FEX (ASX) Chart |
