Post by
SomeFromNone on Oct 27, 2021 12:10pm
Phase 2
at these iron ore prices, we would make enough money to pay for the phase 2 expansion in a year or less, no? Am I mistaken? Also.. when things start to get going, and we start to trade at a multiple of expected earnings (and then of actual earnings), that multiple should be quite high because of the impending phase 2 expansion, no? I know the long term iron ore price forecast has a significant impact, but still, I can't imagine that the market would fail to account for an expansion that doubles our output.. especially one that is self funded.. anyone care to comment on any of this?
Comment by
DragonOilGuy on Oct 27, 2021 12:21pm
All i can say is that i am here to receive today's share price as a dividend in the future. That is possible and by no means fictitious.