cmc a stock to watch, page-4

Sleepy giant is right Magix.

2000tpa about to come online, rolling up to 20,000tpa for years end.

Margin stated of $700/t margin.

20,000 x 700 = 14,000,000.
Only 127,000,000 shares on issue.
PE of 10 reasonable on this? = $140,000,000

= SP $1.10 *90% (CMC share of ownership) = 99cps.

Now is the time to get set.

... and if that wasnt enough, ... rolling up to 105,000tpa capacity in 3 years time.

Do the maths on that one! ;)

This will come on to peoples radars soon enough, Im sure.

With all of the above, Im bullish, and assuming that CMC will have little problems finding buyers, ... especially as the Chinese Government have stated that they are a 'preferred' company.

Sell depth looking pretty thin if you ask me.

Worth taking a look at the Directors too, ... those in MHM may recognise a name!