Assuming the 4th quarter is similar to last FY, then we're on track for $4.1m profit before tax, or about $2.8m after tax. Nearly 100% of that is converted to cash. At 16c or a market cap of $21m that equates to a FCF yield of 13% (or p/e ~7.5 if you prefer)... these numbers are ridiculously cheap and at 10c a share! ...that's just absurd!
XRF Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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