patersons report on agm 2 may 07

Folks, report just out on AGM, can be found here:

https://secure.psl.com.au/library/AGM070502.pdf

It's interesting to note that their forecast PE is 6.1, based on the PON of US$15/lb, which by my calculation should give the SP of around A$1.25. And, if we use today's PON of $US23/lb, SP should be closer to $2.10. Either way, AGM's SP will be close to $2 once the quarterly/annual report is out in April 08. Hold on tight, it's going to be a magical ride over the next 6-12 months!

As always, DOYR :)