Hi,
I have read a few of the postings and was wondering whether any of you have completed future earnings calculations (per share) for the 2007/2008 and 2008/2009 financial years.
The numbers are quite robust (remember the feasibility study was completed at a Nickel price of US$12,000 a tonne declining to US$10,000 a tonne).
Once you have done this then apply a typical P/E ratio for companies with similar attributes (nickel plays and small annual production - compare to the majors). You might us Sally Malay, Jubilee, ect.
The numbers are very interesting and may surprise some punters.
AGM have released (at one time or another) all the information you require to completed these basic calculations.
I hold SGM both personally and through my SMSF.
has anyone done future earnings calculations
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