share price correction... up up up , page-16

You need to do your research DrPWU.

While the outlook is still positive DCF has reduced down to $0.82.

The following inputs have been negatively affected:
- Est EPS in FY14 (by -50%) and FY15 down
- Production heavily downgraded in FY14
- Cash costs downgraded (upward revision for ALL years

For the ST-MT a SP of $0.35-$0.40 is entirely appropriate as it implies PE~10x.

EPS over the next few years is trending around 3.2-4.5c. Again, based on current SP, forward PE is ~10x. SO I see the price as justified.