Current Comsec forecast consensus (5 analysts) is for a full year loss of 7c per share - which translates to $13.8m full year loss. (30 days ago prediction was 8c loss)
Mincor had a first ever $22m loss for first half, so that makes the consensus an $8m profit second half.
The March quarter from mincor had free cash of over $10m - not sure how that translates to profit, but a wild guesstimate might be half - so let's say $5m profit.
The June quarter is looking pretty good from Nickle price perspective so I tend to think we will be looking at maybe 5c per share loss (or $10m full year).
Looking forwards, using current run rate as an indicator for next year - looks like a profit of at least $20m next year.
This translates to 10c per share profit. However, our boffin analysts are predicting a LOSS of 6c pershare for next year. (I think the analysts are smoking dope).
However, taking guesstimate of 10c per share profit for next year & dividing into 198m shares, gives a PE ratio of 17, which is pretty high.
Which is a long way of saying - Why do you see $2.80 next year? (although I would love to see it given that I am under water at present)
MCR Price at posting:
$1.72 Sentiment: Hold Disclosure: Held
