The production numbers are readily available but the prices they sell the product for is a mysterious secret.
I won't share my numbers because there is too much guess work.
You can get an indication of whats likely from the research that Morgans issued after the Sept Q update
Morgans forecast nett profit for the Dec 17 year of 8.5c per share and a target price of 94c.
Their forecast nett profit rises to 25.6 cents per share in 18 and a whopping 40c a share in 19.
Cash flow should be well above Profit now the development is finished and the $650m of assets are being depreciated.
The nett asset backing based on discounted cash flow assuming long term price forecasts was $3 a share at Dec 16. The rights issue diluted that to $1.85.
Makes them still look attractive at the current price.
The production numbers are readily available but the prices they...
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