"2. When the next set of annual results are released and the market sees some stocks are trading on mutiples of 1 - 3x."
We will be in that category in a little over a year. I have us on a NPAT of over $100mill per year between Andash and Burnakurra.
That is per year and is close to our current market cap. 6 months earnings will leave us debt free (after we take on some debt to complete Andash). Another 1 years earnings should pay for Jervois. What do we do with $100mill per year after that? Then once Jervois starts producing, what do we do with at least another $50 mill ontop of the $100 mill?! $150mill NPAT puts us on a prospective PE multiple of much less than 1. Pure madness and a great opportunity for those with a medium term timeframe.
KGL Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
