EVN 6.82% $5.01 evolution mining limited

Ann: FY18 Financial Results Presentation, page-22

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  1. 5,585 Posts.
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    snooping around for brokers stuff I find this one

    http://www2.aspecthuntley.com.au/pdf/bellpotter/companyprofile/today/EVN_cp.pdf

    They (correctly) predict a soft 2019 (no growth in profit at all), then in 2020 they project a 40% up, up and away.  So earnings per share of

    2017 13
    2018 16
    2019 16
    2020 22

    What underlays the boost in 2020?  Is it some one off , then 2021+ is back to the PE of 18, year after year, until the Company mines all the gold and ceases to exist in 2027?
 
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