All information provided... prices, rates of production etc...

All information provided... prices, rates of production etc included. Company will get a rerating from analysts from here I would say.

Looks like a good little earner and a great opportunity to buy into the China story.


No of shares: 217,512,238
Divi Payout ratio: 50%

Year 2006 2007 2008
Profit $25(m) $85(m) $115(m)
EPS .115 .39 .52
divi: .055 .195 .26

growth in earnings going forward: 65%
growth in earning based on consensus forecast (.30) for 06: 20%

Looks good even if you bought for 2.30
PE 20 (06) 5.9 (07) 4.42 (07)
divi yield 2.4% (06) 8.5% (07) 11.3% (08)

will provide an intrinsic value later.
Huntley has it at $2.60 (a speculative buy)
About 10% below that now
It's all good.

Check out information
http://www.corporatefile.com.au/documents/OB/MD%20on%20Results%20&%20Growth%2006.03.06.pdf