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NEVADA IRON LTD (NVI)


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General Information
Company Name: Nevada Iron Ltd
Stock Code: NVI
Website: www.nv-iron.com
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 12
Equiv. Shares (M): 119

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.100 $ 0.110 $ 0.110 $ 0.100 $ 0.120 105,000 $ -0.020  -16.667 %

Company Overview

Business Description:
Nevada Iron Ltd (NVI, formerly Richmond Mining Limited) is an Australian based resource company focused on the development of the wholly owned Buena Vista Iron Project, located in the state of Nevada in USA. NVI also holds exploration interests in Western Australia.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -5.0 -6.2 -- 0.0 0.0 0.0 --
2011  A -0.8 -1.8 -- 0.0 0.0 0.0 --
2010  A -0.4 -1.4 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
BHP Billiton (BHP) $105,343 M -0.1359 -0.2624 0.1727 10.4144 14.1191 12.0393 0.0335 0.0341 0.0365
Iluka Resources (ILU) $4,304 M -0.2536 -0.7033 2.1588 11.3931 38.4012 12.1570 0.0340 0.0232 0.0291
Nevada Iron (NVI) $14 M -- -- -- -- -- -- 0.0000 -- --
Rio Tinto (RIO) $23,378 M -0.3874 0.0604 0.1398 11.0815 10.4503 9.1689 0.0300 0.0330 0.0366
Sims Metal Management (SGM) $1,818 M -0.6378 -0.2367 1.9358 26.4330 34.6304 11.7959 0.0225 0.0122 0.0414

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
NVI -- -- 0.56 -- --
Market 0.94 12.3 0.82 1.92 2.44
Sector 0.54 8.13 0.59 2.07 5.83

Directors
Name Position Start Date
Mr Michael (Mick) James McMullen Executive Chairman 17 February 2012
Mr Thomas E Duckworth Non-Executive Director 17 February 2012
Mr Andrew Brice Non-Executive Director 17 February 2012
Mr Lou Jelenich Non-Executive Director 25 October 2011
Mr Taj Singh Non-Executive Director 29 April 2013

Management
Name Position
Chris Tanner Chief Operating Officer
Michael Higginson Company Secretary

Substantial Shareholders
Holding Name
9,052,747 (8.27%) Mehra, Ashwath

Calendar of Events
Date Event
30 April 2014 Report (Quarterly)
31 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
29 October 2013 Report (Annual)
31 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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