NGF norton gold fields limited
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anyone watching

  1. roguetrader66
    884 Posts.
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    20/06/07
    20:40
    Post #: 2555681

    it seems like i'm the only one in this stock. the sums for mt morgan look fantastic.

    it is currently producing 250,000 ounces per annum. with a margin of 300 per ounce this gives earnings of 75 million

    assuming 500m shares on issue fully diluted after the raising gives eps of 15 cents per share

    P/E of 5 = 75c
    P/E of 10 = 150c per share

    and these earnings will start once transaction is finalised

    can some body please tell me what i am missing here???

    in light of this why is the cap raising taking so long
    NGF Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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