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TNG trims capex further at Mount Peake, page-2

  1. bobadah
    10,342 Posts.
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    16/09/19
    15:02
    Post #: 40438664
    Assuming we actually get into real mining, payback in 2.8 years implies net profits of around $300 million pa (but initially this would be assisted by considerable tax offsets from past losses). Nevertheless, it also implies future net profits of around 10c per share or more. At a P/E of 10 that is a dollar plus share price.
    TNG Price at posting: 8.7¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 3  Great analysis
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