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1,153 Posts.
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30/09/12
21:12
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re: Ann: Presentation To Shareholders - Darw...
"On a conservative basis of 5 times P/E this should be a $75 mil MC company, not $10 mil as it is now"
On a more reasonable basis of 10 times P/E, this should be a $150 mil MC company, e.g. 15x of what it is worth now.
Ok, take out the cap ex - still a potential multi-bagger.
And this is not even considering the 300 mt of JORC that is not included in DSO operation.
I realize there is still a lot to be done and certain things have to work out our way. But I think it is a good sector to be in.
Not ramping, and I welcome balanced posts (like Pundits).
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