is a takeover possible, page-7

20c, Sik?

I did some numbers yesterday and I think 20c may not be too far away... And with 21Kozs in 48 days, we're certainly on 80K pa pace. So,

80K ozpa at 1200 AUD gives EBIT of 48M, which is EPS of 1.66 (roughly)...
With a PER of 5, SP would be 8.3 cents
PER of 8, SP = 13.2
PER of 10, SP = 16.6
PER of 12, SP = 19.9
PER of 15, SP = 24.9

If AUD POG goes to 1500, 1800 etc or the market factors in 100Koz pa after 3MH online, the numbers just go higher. Of course life-of-mine important when we're talking about ratios so we need reserve upgrades to make the above more likely...

Not trying to ramp, just thinking aloud...

Interesting times ahead for FML

Cheers,

c12