Deterra – Explained
Deterra Royalties is the new ASX listed company which separated from Iluka Resources. DRR owns Iron Ore royalties as the primary business.
The company is likely to see strong revenue growth over the coming years, generated by increased production from the current assets and new assets through either acquisition or financing development projects.
Based on FY22 earnings we have DRR trading on a forward yield of 5%+
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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