oxr 2009

OK people lets get this straight, Owen Hegarty says he wants OXR to produce 500,000 oz gold and 200,000Tonnes of copper by 2009.
Ok thats a fact its in past announcements/presentations.


Now say average POG is US$400 and average POC is US$1.20. Thats fair right? and the AUD$ say is US80c.

That would make OXR cash flow/revenue AUD$700,000,000 ($700million)

Say number of shares on issue goes to 1.8Billion (by 2009)

Say $700million in earnings gives OXR 38c/share EPS.
$3 stock price puts OXR on a PE of 7.8

SAY oxr manages only HALF of that at $3 oxr is only on a PE RATIO of 15.

I dont see how OXR is still under $1.


(now i could have gotten the $700million part wrong as this would be total revenue im not sure how to convert revenue to actual EPS, but even if its close enough oxr at $3 will be cheap)