re: for sabretoothed Thanks to mallaby on Oze
Oxiana Ltd. Research from Lodge and Partners.
INVESTMENT VIEW - BUY
Key Points:
* Moving to 100% interest at Sepon/Khanong ensures cashflow vigour.
* Sepon/Khanong project delivers economic quality and resource
expansion potential.
* Future exploration success could drive significant valuation upside.
* Management success with Sepon Gold reduces Laos political risk with Khanong Copper Project
Long-term corporate appeal. Future expansions at both projects appear likely.
OXR's recent full-year results were in-line with expectations with the unhedged company
able to capitalise on higher gold prices during 2H CY03.
CY04 NPAT is forecast at A$31.3m with A$62.5m by CY 2005.
At current prices, with our company DCF valuation of A$1.03/share, we rate OXR a BUY.
- Forums
- ASX - By Stock
- OXR
- huge upside...(gold forecast $440-$480)
OXR
oxiana limited
huge upside...(gold forecast $440-$480), page-4
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit