AXM 0.00% 1.1¢ apex minerals nl

please tell me this is cheap, page-21

  1. 19,547 Posts.
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    muadib

    assuming there is no problems besetting AXM;

    Key
    AUD vs US $ 0.74
    GOLD US/oz $900

    Total diluted shares = 462,843,712

    120koz pa, 75koz hedged at AUD$1140, cost assumption $650.

    EPS 7.7 cents

    PE of 8 = share price of 0.62
    Current share price of say 0.20 equals forward PE of 2.6



 
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