Mav
Vburg will now be accelerated according to NF
You use the 2010 ZAR assumptions but again forget the gold price assumptions. I am referring to ZAR assumptions for Rand deal and the cash costs of rand are based on the higher rand - sub 7 from memory
Clearly you will analyze this from the perspective of someone who sold and wants to be right. I note the buy depth doesn't agree with you
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- still undervalues at a pe ratio of 4