FML 0.00% 15.5¢ focus minerals ltd

Same posting with a target correction of 2010My expectation of...

  1. 474 Posts.
    Same posting with a target correction of 2010

    My expectation of FML
    assumption gold stays at 1050aud/oz

    By 2009 July
    production: 65koz
    profit/oz: 400 (due to hedging)
    EPS: 26M/1300M = 0.02
    SP(PE of 5 to 10): 0.1 to 0.2

    By 2010 July
    production: 75koz
    profit/oz: 500
    EPS: 37.5M/1300M = 0.029
    SP(PE of 5 to 10): 0.145 to 0.29

    By 2011 July
    production: 100koz
    profit/oz: 500
    EPS: 50M/1300M = 0.038
    SP(PE of 5 to 10): 0.19 to 0.38
 
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