Very much the un-noticed quiet achiever.
From the latest quarterly;
- Cash Costs negative 12 cents per pound! Year to date cash cost of 6 cents per pound
- Metal production up 10% for Copper and 14% for Zinc.
- Cash on hand increased from $30mil to $34.3mil
- No Debt
Based on current YTD cost and current volumes, current metal price, AUD$, etc.
I have an EPS of approx 11 cents, PE of 6, should have a SP of 66 cents.
Stress test: lets increase the cash cost to 30 cents would still deliver EPS of 8.7 cents and a SP of 52 cents.
SP today 32.5 cents!
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