SAR's PER at close of business on Fri was 12. Historically, a PER of 12 isn't high for a gold producer.
Let's use this number and think down the track in 2-3 years.
If they were to have a forward PER of 12 at the end of FY15, assuming EPS were $0.13 (easily achievable IMO), SAR's SP would be $1.56.
$1.56 in 2-3 years. Current SP $0.36. Buying SAR at today's bargain basement prices with a 2-3 year investment timeframe "could be" a very lucrative proposition.
As always, DYOR.
Deme
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