This sort of opportunity is so rare and hard to find.
The company actually guided A$120 million pe EBITDA and free cash of about A$74 m pa (at the current copper price)....in a recent presentation.
Based on that quarterly report, they will do even better than that.
Market cap of $140 million and free cash probably closer to $90 m pa.
I don't think anybody could read that quarterly and not be very impressed.
Its a little know copper producer, but we definitely shareholders could be looking a dividends of about 10 cents annually. As I say the quarterly and associated photos really say it all, for this outstanding. Check out also the new drill results for an area not included in the current JORC. These drill results, maybe with the exception of Sanfire has not previously been recorded by an Australian listed copper company.
This really is some opportunity. It has a simple, straight forward business and its very hard to see anything stopping those dividends and very significance SP growth. Read it for yourself.
FND Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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