107m shares, share price $0.95.
Cash and inventories $27.4m
Borrowings $31m
For 6 months to DEc 2004 ....
Revenue ..$84m
Profit .. $0.9m - very low in proportion to revenue!!!
Outlook is very positine .... from management's presentation statements.
In my view .....
Zinc has risen from US$0.35 to US$0.60 in the last 2 years.
Lead has doubled in price.
The broken hill teething problems over and new ore discoveries have been made.
Daisy Milano gold production imminent ...
Has pulled back 20% ....
I think this is a good one ... BUT ...Make up your own mind.
Good luck
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