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...
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