SBM 4.44% 23.5¢ st barbara limited

price target $5

  1. 199 Posts.
    Ann is out today and my thought

    Production last qtr 60673 oz and cash in hand +80 Million

    production target this year @ Leinora is 155000 to 170000 ozs
    with operating cost $630 to $680
    Earnings = 112 million roughly with gold price $1350

    Production target this year @ Southern Cross is 110000 to 125000 ozs with cost 950 to 990 per oz
    Earnings = 39 million roughly Au @ $1350

    Total Earnings = 151 Million which is roughly 45 to 50 cents per share,
    With price earnings ration holding 12 , price target = $5 to $6
    Please correct me if I am wrong..
 
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