You must follow pretty closely to coemd up with your own dcf valuation.
Looks to me liek next year shoudl be a boomer for earnings with all that smelting work plus the zinifex treatment plant going full bore.
I haven't seen any deatils of what the actual deal is with Zinifix - i.e. what is revenue, margins and what is this dependent on etc. any idea?
Also don;'t knwo if AM2 business si going to at least match previous 6 month period goign forward. Seems basically 1 customer and lumpy sales due to type of ore treated at this point. any ideas.
Obviously the smetler business is booming and much greater profits there for at least the next couple of years.
My guess woudl be profits 16-22 cps next financial year. Put's it on a PE of 6 to 8 - very low for a company with a strong growth profile.
Be interested in any thoughts. I hold a fair few.
Cheers hots
AET Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
