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30/10/15
21:24
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wow your right ...so you can double the profit numbers and half the payback period i posted abouve
you can also Double the expected SP + Market cap targets.
what can TGS be Earning from 50kt of copper pa in 2 years ?
if its ..$1 net p ton x 50kt = $100m net profit pa.
mcap $80m = 7c
100m pa = EPS of 10c
p/e = .08 at 7.5c
Debt $137m = 12c .... can be paid down over 1.5 years with the 10c EPS pa .
IF copper price holds these levels around 230 or gets better ..over the next 3 years .
TGS may be earning 10c pa eps ....debt free in 2 years
it should give a sp price of 60c to 1.00
Am I Mad or has Mr Market gone Stupid ?
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