Revenue= 164 871 000
Nickel in concentrate= 8196 tonnes
Average price achieved= 20,116 $AUD per T = 18.5$USD perT
compared to spot price of 27,000 $USD per T
Operating costs = 14,624 $AUD per T mined.
EPS(before tax)= 22.8 for half year. Expected for full year 45.6 EPS, if they meet same profit.
Apply PE of 8. = $ 3.65 share target unless they achieve higher nickel price.
So if the average price of nickel they achieve goes to 23900 $AUD per tonne, as their hedge contracts expire, then their profit would be:
9239 $AUD per tonne by 8196 = 76 million.
EPS = 38.6 for half. Expected full year 77.2.
Apply PE of 8 = $6.176 share target
rough calcs and projections
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Last
61.0¢ |
Change
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Mkt cap ! $205.4M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.0¢ | 59.0¢ | $292.8K | 488.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3811 | 60.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 30073 | 2 |
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| Last trade - 16.10pm 11/12/2019 (20 minute delay) ? |
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Last
61.0¢ |
Change
0.010 ( 1.67 %) |
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| Open | High | Low | Volume | ||
| 59.5¢ | 61.0¢ | 58.5¢ | 77018 | ||
| Last updated 15.59pm 11/12/2019 (live) ? | |||||
| MCR (ASX) Chart |