WA1 2.22% $13.68 wa1 resources ltd

"Sure thing under $10"427 mn EBITDADiscounted at 15% for even...

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    "Sure thing under $10"

    427 mn EBITDA

    Discounted at 15% for even seven years until mine start-up (perhaps overly pessimistic) would mean approximately $25 would have a forward PE of 10.

    The resource base and mine life mean it would be on par with CBMM (1700 BRL EBITDA p.a. roughly).

    BHP traded down to $20 - $25 after the wake of the credit crunch too.
 
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