Target Price
Assuming future net profit per ton at $700usd, which factored price revisions and capacity optimisation.
Annual Capacity 190000dmt
Forward Full Year Profit USD $133M
AUD$166
EPS $0.41(Full Year)
Foward PE at 8.8 ( last done price $3.62)
3mth Target Price $4.92 (Based on 12X)
A rerate of 20x PE is highly possible as new mines go online.
When Sal De Vida goes online and in full capacity, net profit will increase by another AUD$100M
We shall see a two year target of $14.40
GXY Price at posting:
$3.65 Sentiment: Buy Disclosure: Held