Folks, let's just not focus on price, which to me is a lag indicator and always subject to market sentiment in the short term.
Looking at where the puck is heading, the number that got my attention is the forward guidance of next quarter production cost of (18900), that roughly translates to 52 to 60 dmt (depending upon targeted efficiency improvements ) which at 1077 aud average (77 cents exchange rate) is between 56 to 64 mill range, which after taking ~22 mill cost running operations into account gives an EPS between 8- 10 cents. Pls correct me if my figures are incorrect However based on these numbers, can't find too many stocks in asx that can beat it for the current price.
Pls do your own maths..the next quarter looks very exciting.
GXY Price at posting:
$1.85 Sentiment: Buy Disclosure: Held
