POS Broker Report ( Thanks to False9), page-7

A PE Ratio of 1.4 for 2016 and 0.8 for 2018 on revenue of $300M, profit of $120M, thats a margin of 40% profit to income and a std PE ratio fo 15 shows a 10x undervaluation...

also the revenue to 30 June is $27M est ...its all very light and conservative, EPS of 10c-16c very light which i assessed at 28c to max 65c at max production at 4.4MTpa using all 3 mills and 3 mine sites. LJ valuation of 9c...get real! Try WSA flying fox x 20% = 30c alone for LJ.

Most importantly Petra says on 19 Feb NPV is 55c, income this FYR starting, massive increase Disallowed in income in 2016 FYR ie 1000% sales increase, profit/cashflow spike of $118M in 2016 FYR...next FYR is the crowning glory, but this year and right now is the cheap buy in entry point when market doesnt get it yet.

This report was supposed to be private for the hedge funds and bank holders like Natnom CITI etc now released on HC for us plebs to view and analyse.

These numbers even conservative are a value investors assessment validation.....If these conservative figures come anywhere near the mark, 55c will look very very cheap. at 4.4MTpa ore production and 25c- 68c EPS i assessed at max capacity, even cheaper.