Great stuff minningnut and I wouldn't bet against those numbers..that implies a EPS of 16c for the half, now given that H2 has started off considerably higher than H1 its not unreasonable the expect the second half to be even better unless the price of IO slips below the starting price for H1. If thats the case then expect EPS of 32c as a minimum for the FY.
Apply the current PE of 4.85 ( based on the last FY) to 32cps you have an implied shareprice of $1.55 for a company who by that stage could have $6-700m in cash and pays dividends..
As always the price IO and the market in general dictate the shareprice but at 85.5c the shareprice is still looking like a steal and is certainly not going broke anytime soon..
Cheers Whisky
Great stuff minningnut and I wouldn't bet against those...
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