Looks like they are also forecasting 2010 earnings EBITDA of US$6.5mn.
Mkt Cap under US$20mn (AUD$25mn) is pathetic.
Current mkt cap though $13mn.
Should be trading at PE of at LEAST 6-8. Historical PE average = 12.5
But, you increase for EXPOLRATION UPSIDE
decrease for enhanced risk been a junior
6-8 seems pretty fair to me
6*USD$6.5mn = USD$39mn = AUD$45mn
8*USD$6.5mn = USD$42mn = AUD$50mn
This looks a no brainer? Are me and Macquarie missing something?...
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- daytrade diaries... december 14
daytrade diaries... december 14, page-101
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