NGF
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0.00% 25.0¢ norton gold fields limited

let's assume they achieve an average price of $850 an ouncethe...

  1. roguetrader66
    884 Posts.
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    09/09/07
    10:08
    Post #: 2791176

    let's assume they achieve an average price of $850 an ounce

    the cost per ounce is currently about $500

    cash margin = $350

    number of ounces = 150,000 pa

    EBIT = 52.5m p.a

    and with 500m share on issue and sp of 25c, the market cap is $125m

    so CURRENT EBIT of 52.5m compared to market cap 125m

    this is one of the best value stocks on the ASX
    NGF Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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