daytrade diaries... december 14, page-101

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?...