Hi tika
By my cals they are making around 15c/share/pa which should rise to circa 30c when full production is achieved. By the end of Q1/14 MWE should be debt free.
Based on a PE of 6 then SP should be closer to 90c than the current C.47c and by mid 2014 $2.00 should be on the radar, assuming of course the price of copper etc remains around current levels.
Unless the SP rises shortly, MWE will become more of a takeover target which may explain why the SP is being kept low.
Cheers
R1
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any comment on today's press release, page-3
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