re: to jhamman jh, an interesting post on another (very good) forum a few days ago was as follows"-
"Based on October' (2005) spot prices, OXR FY 07 profit would be approximately $A324M, or 24cps.
Based on April' (2006) spot prices, it would be approximately $A865M, or 64cps.
Based on today's spot prices, it would be around $968M, or 72cps.
Taking an average spot price of today's prices LESS 25%, it comes in at around $A636M, or 47cps.
This excludes the costs of Prominent Hill deveopment, but equally ignores any upside from PH or any other venture. Given these figures, I would like to hear the views of those who think OXR is overpriced around $3.50."
Having annualised the last quarters figures myself I have to basically agree with the above rough back of the envelope figures.
Your impression?
OXR
oxiana limited
re: to jhamman jh, an interesting post on another (very good)...
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