cash cow in 6 months
(400/10,900mill shares = .037) eps 3.7c (accuracy +20%, -100%)
1,745 mill 7.5c 30/6/17 options converted is 140mill cash and on target for 400mill net income with no debt.
assume pe of 14 same as fmg, gives price target of 52c (5.7 billion mcap) at 3c now is 17 times.
a bit too optimistic considering fmg is now 18bill mcap, so half the above is reasonable.
pe 7 for 26c for 2.85 billion mcap. seems ok.
might have to go above my 50% weighting soon, if the gain is 8 times from here.
(accuracy +20 -100%) (sentiment changed from hold to buy)
AGO Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
