http://www.lafayettemining.com/documents/ABN%20AMRO%20-%20Lafayette-300407.pdf
Looking at the hedge book liability and estimated production in the above morgans' report, LAF's hedge liability is 1 yr of Copper, 1 yr of zinc, 4 yrs of gold and 2 yrs of silver - not as bad as I thought.
The thing that worries me is the dcf valuation of $0.058 per share - although I can't tell if the commodity prices they assume in the valuation are reasonable as I don't know how many pounds are in a tonne (or ton). Given it is an Australian company, can't they use metric (for christ's sake!!).
Can anyone comment on their commodity price assumptions in the valuation?
Cheers.
DYOR
LAF
lafayette mining limited
http://www.lafayettemining.com/documents/ABN%20AMRO%20-%20Lafayet...
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