MGX 1.20% 41.0¢ mount gibson iron limited

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  1. 566 Posts.
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    basic earnings per share 5.59

    NPAT - $27.4 (halfyr)as opposed to Bell Potters forecast of $54(yr).

    Therefore it is on track, especially if 2qtr production comes on track + ramp up etc.....

    therefore if you want to apply their valuation as they were close: 98c currently and $1.25 one year.

    But with the chinese and russians playing games there is short term weakness.

 
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