MGX 1.20% 41.0¢ mount gibson iron limited

valuation

  1. 1,563 Posts.
    Quick, back of the envelope calc of value of MGX.

    1. Using PMM as a benchmark [only because I know they're figures] FY03/04 NPAT $35m on 180m shares gives PE ratio of 20.

    2. Now for MGX. In FY 05/06 MGX eps is expected to be 15c [James Chessell February 26, 2005]. On this basis, share price should travel to 15c x 20 = $3.00.

    Anyone with time may want to run their brain over this...

 
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41.0¢ 41.5¢ 40.8¢ $360.4K 877.9K

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6 168024 41.0¢
 

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41.5¢ 80475 5
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