what's going on, page-14

thank you very much for your relply projectx
after readying the slingshot story I think we might be paying 53%
hopefully rudd doesn't get another term
just going on a conservative valuation I think we will hit $1.90 if nothing happens to china which could be a bit of a big ask.
here is my data
one cycle
Earnings pre abs () 9.1 (02) 17.0 (03) 21.5 (04)
22.1 (05) 35.7 (06) 31.1(07) 15.3(08) 1.8 (09)

av earnings =$1.53/8 = $0.19

discount rate = 10%

value = .19/.10 = $1.90

value = $1.90
bit simplistic i know
but imo good time to buy particularly as they are talking about a possible boom in aluminium

I have.