its a pretty moderate volume rise as well.
very tempted to sell, but this looks like some indiscriminate buying to me.
JORC on the way.
40Mt@Bayanstogt(possible regional target of 150-200Mt) suggested.
A 2Mt operation might fetch a margin of about 40% after stripping crushing and screening.
Assuming a price of $100/t
That looks like an estimate EBIT of $80m to me for a pretty low CAPEX high demand product that is very close to infrastructure. Assume a 50% tax rate, put it on a lowly P/E5 and shazaam we have a $200m free cash generator with substantial expansion to offset any dillution. Plenty of upside left in this one.
Back in the bottom drawer. Wake me when she gets to $1 :)
good news , page-2
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Last
4.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.954M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 944 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 55597 | 1 |
View Market Depth
| Last trade - 07.00am 19/11/2024 (20 minute delay) ? |
| HAR (ASX) Chart |
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