No counter from me, I totally agree with you, very undevalued.....when the miners finally really bounce I think is going to be pretty spectacular. Good to see my Xel finally moving.....I don't know if you have anything in there but long term winner imo....
a bit OTT perhaps lol?...just keen to hear a counter-argument (possibly around commissioning & ramp up of the new plant?)
so you think it's cheap then.......lol
Decent support at 25p
EV cUS$90m for 90kozpa (2014 onwards) of cheap au margin good (US$400-500/oz cash cost) so conservatively US$90k*500-700 or US$45-63m, say, of EBITDA... ..EV is a couple of years of EBITDA (or perhaps 18 months!!!) ...GO FIGURE
on a goldie...lol!! ...my opinion is "strong buy"....
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