'ABN Amro, in its best guess at future earnings, estimates Lafayette will report a net profit of $13.3m in the year to 30 June 2005 rising to $20.7m is 2006'.
This equates to a P/E ratio of less than 4.
Stock for the day, I think.
Watch it go late in the day as more people read article.
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- up 6% on share mag article
LAF
lafayette mining limited
up 6% on share mag article
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