You need to do your research DrPWU.
While the outlook is still positive DCF has reduced down to $0.82.
The following inputs have been negatively affected:
- Est EPS in FY14 (by -50%) and FY15 down
- Production heavily downgraded in FY14
- Cash costs downgraded (upward revision for ALL years
For the ST-MT a SP of $0.35-$0.40 is entirely appropriate as it implies PE~10x.
EPS over the next few years is trending around 3.2-4.5c. Again, based on current SP, forward PE is ~10x. SO I see the price as justified.
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You need to do your research DrPWU.While the outlook is still...
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