@LD99 please give him a break!!If you take Austral current share...

@LD99 please give him a break!!

If you take Austral current share price by the estimated future earnings per share (EPS). A forward P/E ratio is typically considered more relevant than a historical P/E ratio?? agree or Disagree??

A PE ratio less than 10, as a seasoned investors might be perceived as a value trap - Sandfire is 18.6x PE, and 29M is 7.6x PE (only because as i said previously Capricorn). The penny will drop for Austral and we think Mr. Market wants to see Long Life production properly articulated and the company is consistency making healthy margin (we see this will happen in the next 4- 6 months)

So yes Austral is very cheap using forward earnings of circa $50m (CY 2023)/517m shares =$0.96 forward EPS

$0.26/$0.96 = Forward PE of 3.5 (so average ASX copper producer should be 15x) = so it easy to see why $0.50 for Austral is achievable @LD99

We think @frader must have assumed a $6/$7m profit per month to get $0.15 forward EPS.

DYOR. We love AR1