Got into the oppies (FWLO) today for a quick trade in at 42 and out at 47. Made a profit of $475 so I am happy to walk away now. It really has run very hard.
It opened at 55c, now there's 650k+ above 55c!
I really think the run will continue, there's continued buying and the sellers are absent!
$200m p.a. US = $250m p.a. AUD (US/AUD 80c)
30 yrs = Gross Cash Flow Total of $7.5Billion
Still I prefer to work with the EBIT of $150/t for 500kt's for 30yrs
= $150 x 500,000 x 30 = $2.25Billion Total EBITDA
Thus I estimate an intial NPV of say $1Billion
The depsoit is most likely to double or tripple in size after speaking to the Chairman, as the intial JORC is from 6-9kms of a total 27-30kms
With Iron Ore unlike others, I think it deserves a higher % of potential NPV due to the fact that Iron Ore/Pig Iron is more stable and is far easier to get funding for, ie Chinese, Japanese, Koreans etc so I'd say 10% of NPV would seem reasonable = $100m = $1.20c FWL
What my broker said was after the PFS if it ALL STACKED UP, IE NPV $1Billion THEN AND ONLY THEN would a 10% of possible NPV seem reasonable/cheap,
I must emphasise I can't believe how well its held up, the really goes to show that holders are not selling and buyers seem to be holding, from what I gather those on ASF who play stocks for a 'quick buck' got out yesterday,
I firmly believe that this stock tick's all the boxes to being a solid development story, if you cast your eyes over the beginings of MMX, GBG, MIS, TFE, AGO or even MGX they all started from humble beginings but in hindsight had the potential to become what they have now,
I will be very surprised if the stock doesn't reach $1 within the next 3 months as I expect the PFS to deliver the goods
The performance is so crazy last week that I doubt the buyer is professional trader. Anyway, I am out and made a decent profit in a week. Thank you very much YT.
This stock continues to impress. Although the highs today were tempting, i held, i think the interest will be even greater when the jorc resource comes in. Still only 2 million shares traded. A JORC resource should put more pressure on the stock, given there are so few shares on offer, potentially forcing it closer to that $1 mark. Well, thats my opinion anyway.
is it possible that the ann has already been factored into the share price? due to how much it has risen lately.
could we see fairly unimpressive trading when the ann comes out, or will it bring this stock to the attention of more people? and therefore cause a further rise
The stock's had a stella run! A day of consolidation is always epected. Had a new high thrown in for good measure!
hey guys, can a chart guru post a graph up? what price are we looking at for resistance? it all seem like a bubble to me, might burst if someone decided to sell big...
Then I suggest you take some profits,
I'm waiting for the JORC to see how the mkt takes it, I see support at 55c and 70c-75c resistance 95c-$1
Working hard guys to find the next fundamentally undervalued Iron Ore Gem
Then I suggest you take some profits,
I'm waiting for the JORC to see how the mkt takes it, I see support at 55c and 70c-75c resistance 95c-$1
Working hard guys to find the next fundamentally undervalued Iron Ore Gem
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