Nothing on Casposo, but looks great for current half year. Earnings per share were 1 cps in Australian currency in first half, including a loss from Rawhide. So market may think it looks expensive.
However if you use current metal prices and cash cost excluding union bonus in the first half and forecast output then I get a gross profit less admin/other expenses/ tax of near 3.4 cps for second half, if Rawhide just breaks even. A very rough calculation so do your own estimate.
Still a bargain just on the Chile gold mine, but it may not be clear to market for some time given the lack of coverage.
Add to My Watchlist
What is My Watchlist?
