thank you very much for your relply projectx after readying the slingshot story I think we might be paying 53% hopefully rudd doesn't get another term just going on a conservative valuation I think we will hit $1.90 if nothing happens to china which could be a bit of a big ask. here is my data one cycle Earnings pre abs () 9.1 (02) 17.0 (03) 21.5 (04) 22.1 (05) 35.7 (06) 31.1(07) 15.3(08) 1.8 (09)
av earnings =$1.53/8 = $0.19
discount rate = 10%
value = .19/.10 = $1.90
value = $1.90 bit simplistic i know but imo good time to buy particularly as they are talking about a possible boom in aluminium
I have.
AWC Price at posting:
$1.54 Sentiment: None Disclosure: Held