Ophir,
They should clear their debt this year, at 150,000 oz per year and a profit margin arount $500/oz, given the number of shares on issue, I estimate a forward price of between 70c and $1.05 a share. at pe rations of 10 and 15.
Don't be swayed by the directors opinions, with the Chinese deal they walk away with a cool $7.6m profit according to 'the West Australian" I'm holding
Many happy returns
bobthedog
Ophir,They should clear their debt this year, at 150,000 oz per...
Add to My Watchlist
What is My Watchlist?