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So why are we being offered 33c? Did you include the upgrade to...

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Davisite

18,857 Posts.

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01/08/19

13:07

Post #: 39810337
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Originally posted by BkrDzn ↑

You've added the tax instead of subtracting it so your NPAT figure is then almost double what it should be so your target price is grossly inflated. On top of that there is no share dilution as part of funding included so the share base is underestimated which again inflates your numbers.

Also gold stocks are priced on free cash flow multiples and mine of this size and LOM would be lucky to trade on 5x. Best you get if the stock was fully valued and nothing went wrong would be about $1.35.

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So why are we being offered 33c? Did you include the upgrade to reserves today?

EGA Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
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