ELE elmore ltd
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Ann: Vijay Group JV Update , page-4

  1. tonethegroan
    1,618 Posts.
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    15/04/13
    18:17
    Post #: 11647449
    Only half the profits would go to NSL shareholders (the other 50% to VJ).

    So, 5cps earnings, times 10 gives a 50cps target.

    But VJ have operating IO mines already operating producing I think over 1m tons. So, upside risk to 1.5m tones.

    Plus more acquisitions (upside risk to 1.5m tons?), plus the coal...
    NSL Price at posting: 4.1¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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