Sure, but my understanding is that a 20% EBIT margin is typical in mines services. I don’t know what they would be working off in any particular project, but 20% would be a good assumption. Certainly if you tot up all the potential revenue/EBIt from this list you get some very high numbers. Given this list would have been approved by lawyers before it was submitted to the ASX, these contracts have to be in live negotiations, and so support a much higher share price.
At least some of them are going to come through over coming weeks and months. This stock has to be trading at its low.
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