Did anyone listen to what Patersons were saying about Perilya...

Did anyone listen to what Patersons were saying about Perilya back in September when they were "incredibly attractive" then trading at around $4 with an $800 mil cap. It got me interested enough to keep an eye on them.

Head of research, Mark Simpson said they forecast less than 1x evebitda and a net cash forecast of $500 mil for 2009.

Do they have a more up to date forecast or is it now 0.5x evebitda for 2009?

The bit about Perilya is around 4 and a half mins into the clip.

http://www.brr.com.au/event/32183