ta charts, page-48

The general gist is Plv is undervalued
......................................

I must be the only one that thinks PLV is comfortably fairly valued, at least for this financial year.
I'm expecting PLV earnings of 5.4 to 5.9cents per share at Fin year end, before any writedowns or prior year losses that PLV may apply.

You can pick your own multiple but you should temper in some unspecified mine longevity and some lack of confidence.

If you are buying on forward earnings that's different. Maybe 18cents per share 2013/14

.........................

On another tangent ... we earned -1.28 cents per share 2011/12. Forecast, say5.5 cents per share 2012/13 ..with all the crap we have been through, that is a phenomenal change in fortune.

Well done Tony ... some CEO's probably can't achieve that even with everything going their way.

Amazing improvement.