Nah , look - at 3.70 its a damn good entry point for sure.
EPS will be about 90cps+ next yr due to 17-20cps added each year through the beltana production !
At PE 5 thats $4.50 valuation, and this co must get a PE of at least 5 or 6 given the cash for starters.
at 3.70 look at the divvy yield!
with all the CASH, imagine how much money theyll have this time next year, so im assuming that theyll takeover shortly or be taken over themselves.
big divvy yield plus growth and low PE at this price
its definately undervalued
the announcment today explains the sharp fall in price and whatever losses they have in production is a ONE-OFF loss due to close-down of operations because of tragic death of miner investigation.
financial yr '08 will deliver a blinder due to added production from beltana adding around 20cps to EPS!
Zinc looks to have bottomed anyways??
PEM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
