the gr8 thing is that even with hedging in place at these prices theyll make more than 100 cents per share!
without hedging and based on what production of zinc and lead etc they forecast, I came up with approx 140 cents per share using a net profit margin after tax of 30% and zinc price $1.90! Do the maths and see for yourselves!
At $5 P/E prospective is 5
im looking for it to head to a prospective P/E of 6 or even 7 if zinc prices stay high and more production/other projects come on stream.
its looking very good in the near future as zinc price should stay high for a wjile yet
im excited!
the gr8 thing is that even with hedging in place at these prices...
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