when to buy ago ??, page-17

The way I see it, if AGO hit their 11mtpa target by June 2014, at an EBITDA level, and assuming IO price remains constant, then 40cps will be achievable and perhaps a lot more if the AUD keeps getting weaker. So the stock does look cheap now for sure, but who knows what IO and AUD will do and it heavily depends on whether AGO can meet these production targets. And therein lies the risk in buying up the shares. Its hard to see the share price go much lower, but never say never.