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0.00% 7.0¢ coolabah metals limited

finally some action....., page-13

  1. peter pumpkinhead
    6,757 Posts.
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    19/11/09
    13:48
    Post #: 5935742
    AGM preso was quite impressive. Cash costs at 50c are almost what you would call low cost.

    By my calcs EV is now approx:

    $120 m (marcap) -$40m (cash) + $100m (notes) = $180m

    cash flow from ops (based on last quarter $3.9 m * 4) = $15.6 million

    If zinc prices hold up and they can double production at Endeavour will be looking very cheap - other projects aside.
    CBH Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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