michael_selway
Coal & Phosphate, thats it!
- Joined
- 20 October 2005
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- 2,397
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nizar said:Yes several ppl are talking about another PDN, but this may be far stretched as they havent found any U.
Have a look at OMC, good prospects there...
Re: EXT, You can't really forecast earnings based on uranium coz they havent found any.
Annual production of gold is forecast at 45,000oz pa which works out to be AUD33m, 599m shares on issue so earnings per share is 5.5cps
So based on gold production alone, this share is cheap. Other people on other forums reckon EXT is worth 9-11cps on gold production alone. So at these prices, uranium potential is not priced in you could say.
And i think its good they do already have earnings, not like aex, so i think this will put a floor on the share price if uranium grades in namibia are not that great, though if this does happen, sp will still plummet considerably.
Oh ic thx, btw that 5.5 EPS, u forgot productions costs etc!
EPS = NPAT/No. of Shares
True again its that Uranium find thing. I think thats what happened to PDN when it was a few cents? ie they found alot of uranium thus the current price now.