$US400 million = $AUD600 million minus interest minus depreciation then minus tax = (I guess) around $AUD400 million.
That's around $AUD1 per share in earnings per year. At a P/E of 5 that gives a share price of $5.
Like I said though, the critical thing here is the reserves are huge such that they'll want to ramp up production big time. Long term (5 years+) share price could be $20.
General Discussion, page-431
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Last
35.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $177.6M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.0¢ | 35.0¢ | $11.77K | 33.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31328 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 9061 | 2 |
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| AKM (ASX) Chart |