I concur. My forecast is forward PE (FY16) ~25, and PE (FY17) ~19 and I have assumed no further supply/capacity increase at SML or other suppliers, and very minimal non-IF growth in OZ and US/UK growth.... hence at current prices I think the market is suggesting no supply increase and failed US/UK growth.
I can post my analysis up later if anyone interested.
A2M Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
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