If you compare Grange Resources with other small IO miners in ASX, you can easily find the stand outs:
It's running with large margin, fat net profit.
It has over $160 millions cash.
The product (Pellets) attracts clear premium over the standard FE62 and 56, and is highly preferred in the main market such as China.
SD project re-opening with extend such leading position over many years, although capital required.
This Iron Ore maker is slowly recovering from the disastrous mid-year quarter, and the true value will be recognised.
If you compare Grange Resources with other small IO miners in...
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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 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
