our long term financial destiny, whether you are TMR or still IBR, hinges heavily on the IBR potential to become a reality....
TMR - In the 2008 calendar year TMR operations should provide (using 2.93 price for copper) an EBIT of somewhere between 30m-40m AUD
IBR - this is little more difficult to determine.....the merger document says 40k oz gold for the year to 30 June 2008....@$300 margin (say) might give us 12m
after allowing for MINORITY INTERESTS...about 10m possible for TMR giving it overall earnings potential of 40m-50m EBIT for 2008
At a market Cap of 250m its clearly undervalued
The upside potential is how quickly hugh can get Lichkvaz upto its stated (by IBR) potential for 100-150k oz pa (perhaps $30-45m pa for this one project-they seem to have some others)
This could explain the 2 instos and others hanging on for dear life
Is this where the Rishton plant comes in?
Any IBR ers with some earnings comments?
we all could be winners
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $3.092M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $36.13K | 12.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 15568101 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 217112 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| SMM (ASX) Chart |