FML 3.57% 13.5¢ focus minerals ltd

fml investment case, page-14

  1. 439 Posts.
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    broker report of pattersons on FML website puts speculative buy with an EBITDA 0f 9m for financial year 2009 with a price target of 6 cents. With EBITDA of 15.9m should the price target be re rated?

    Now projected NPAT for 2010 with "production of 75koz at A$759/oz cash cost is $15m" is what has been stated by the Pattersons report. - given that that this is almost a five fold multiple of 2009 profit announcement the only direction of share price from here is north - the question is how many fold though
 
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