MGX 4.48% 35.0¢ mount gibson iron limited

re: who cares!!!..i do this thing isn't really being ramped coz...

  1. 241 Posts.
    re: who cares!!!..i do this thing isn't really being ramped coz its got fundamentals behind it. 12.6M profit forecast this yr, with 2.1M of that from Q1. Q3 will see increase in production whilst Q4 will see the effects of the price rises for iron ore, whatever it may be.

    eps = 12.6/311= 4.05c ie PE at 7.9 when the share price is at 32c.
 
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