Hi tikaBy my cals they are making around 15c/share/pa which...

Hi tika

By my cals they are making around 15c/share/pa which should rise to circa 30c when full production is achieved. By the end of Q1/14 MWE should be debt free.

Based on a PE of 6 then SP should be closer to 90c than the current C.47c and by mid 2014 $2.00 should be on the radar, assuming of course the price of copper etc remains around current levels.

Unless the SP rises shortly, MWE will become more of a takeover target which may explain why the SP is being kept low.

Cheers

R1