FML 1.85% 13.8¢ focus minerals ltd

fml valuation based on earnings

  1. 33 Posts.
    FML Valuation based on earnings
    ---------------------------------------

    Assumptions
    1. FML repays its debt by july 09
    2. FML ramps up its production to 100 koz per year by july 2010

    profit/oz = 463
    total profit = 463 * 100k = 46.3 m
    Earning/share = total profit / No of shares issued = 46.3/1250 = 0.037

    Fml has a potential to earn 0.037 aud per share from 2010 every year

    bY 2010/2011 sp based on
    5 times P/E = 0.185 AUD
    10 times P/E = 0.37 AUD
    15 times P/E = 0.55 AUD


    This is not an investment advice, Please DYOR
 
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13.8¢
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