re: hard rider mid $6 is too low, when u have cont
With the outlook for coal prices to fall in the longer term it would be reasonable to work on a PE = 5 into 2007. Cost blowouts happening on most new mines, so Wilpinjong has only just started - wait 6 months for the disappointments.
Essentially EXL will have to live up to production increases to push higher volumes at lower profit margins going forwards and the delays + cost over runs are biasing to the downside. Hold if you feel lucky!
EXL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
