SMM 0.00% 0.4¢ somerset minerals limited

Yep... $40m per annum or around 4c per share (one 1,000m). Don't...

  1. 887 Posts.
    Yep... $40m per annum or around 4c per share (one 1,000m).

    Don't know what sort of PE you want to attach to that either. Oh and figure it around 3c per share after admin costs etc have come out of it!!!

    Means currently on a forward PE at the current price we are operating around a PE of 4. Which is probably pretty good considering the uncertainty behind the stock!

    if copper prices push north, or if costs reduce, then that PE reduces, as forward earnings multilples improve!
 
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