re: for all those who sold up yesterday good post. I started getting the OX since 2000 when it was 10c. I have a reasonably large holding. I am a long term holder as i believed in the co. and its management. I am happy to hold for a while longer, this stock will get to $4+ its just a matter of when?.
Will move a bit with copper up too quickly. Even with gold at $600 and copper at $5500 ton and zinc at $2000 ton average in next 2 years. revenue will be
70,000 copper @$5500 ton = $385mil $US
250,000 Gold @$600 ounce = $150mil $US
160,000 Zinc @$2000 ton = $320mil $us
Total revenue of $855mil $us. This is without any upside or expansion and Prominent Hill say:
110,000 copper @5000 ton = $550mil $US
100,000 Gold @ $600 ounce = $60mil $US
thats $610mil $US
when prominent hill is producing revenue can be around
1.4-1.5Billion $us @0.76 $AU that $1.8-2.0Billion $AU in revenue.
The last result was revenue of $394mill $AU, Net profit of $80.3 $AU. Net margin at around 20%.
On revenue of 1.8billion $AU, thats $360million net profit or around 27c per share. At a P/E of 15 that $4.05, 15 p/e may be high but if potential for growth priced in will be above average p/e.
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