BGL 1.08% $1.15 bellevue gold limited

BGL : Current revenue annualised is $22.8M. Would be expect to...

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    BGL : Current revenue annualised is $22.8M. Would be expect to be upgraded to $28M for 2012. NPAT has been running at 20.5% of revenue but would expect that to rise with the cost savings to 22%. So that's a range of NPAT $4.6M (low end ) to $6.16M (upper end ) . EPS range of 3.1 to 4.1. On PE of 8 that's 25 cents to 33 cents. This is before any more aquisitions.
 
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