SRX 0.00% 17.8¢ sierra rutile holdings limited

Back of envelope calcs With $30m gp and SRX possibly not having...

  1. 17,233 Posts.
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    Back of envelope calcs

    With $30m gp and SRX possibly not having the same forecasts of triple sales output, one must consider the MC on a forward basis using new information.

    20 x Gross would be realistic IMO, and allow $100m in asset value and $50m cash.

    Circa $800m seems fair and reasonable, at 56m shares = $14.50

    Just a thought.

    I'd personally be a buyer up to $15
 
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