peer analysis-managers asleep

Here is some earnings ratios analysis taken from Thompson First Call, which shows why our commodities and resource houses are asleep on the watch, where this stock is concerned.

STOCK 2005/6 (PE) 2006/7

GCL 3.8 3.7
MCC 22.5 5.9
JBB 11 9.9
EXL 20.5 6.1
CEY 25.8 8.5
CSM 16 7.3-strip out $19m PMM profit
LHG 24 20.6
NCM 33.2 21.8

MGX 11.5 4.8

NOTE/NOTE GCL has advised in a recent investor briefing that their reserves will run out in 4 years, as well they have debt. (my research)

MGX figures are from their very specific guidance as next to no brokers cover the stock. Needless to say MGX profits would double in 2007/8 if their pellet deal gets up. Most of these companies have A HUGE gearing overhang, MGX has $30 million cash.