Consolidated Minerals Limited (CSM)
Recommendation Upgrade
Recommendation 12/10/2005: Accumulate
We upgrade our forecasts for manganese ore prices. We now expect stable contract prices until March 2007 before declining from the current price of US$3.99/dmtu or US$190/t to our long term assumption of US$3.00/dmtu or US$140/t by April 2010.
As a result of the upgrade our FY06 NPAT forecast rises 4.9% to $114.4m and our FY07 forecast increases by 20.8% to $113.9m. Next year's forecast NPAT is more leveraged to the higher prices as the current contract applies until March 2006. Our valuation moves up 5.0% to $4.20ps
- Forums
- ASX - By Stock
- CSM
- time to say goodbye is past
CSM
cosmo gold limited
time to say goodbye is past, page-3
Currently unlisted. Proposed listing date: TBA
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)