Very quick Cal Revenue=2.8m*50AUD(price range between USD$50-$75 in July, take into account resources price drop which should be offset by weaken Australian dollar. To be very conservative, I use 50 AUD a ton Revenue=140M Cost assume 50% EBIT:=70M p.a Fully diluted share =160m EPS=70/160=0.43 Assuming reserve =30mt 2.8m p.a. =approx 10 yr mine life Assume a very low PE due to mine life Eg pe=4 Share price=1.72 Extreme conservative scenario. What happens if market bounce back?
BAU Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
