So having spent a week since year end results Ive come up with my forecast for this year.... revenues of £44 million. GP of £38 million. PBT of £8 mill... on a forward P/E of 18 ( its a growing company) would give a market cap of £140 million.... but lets discount that for tax and uncertainty.. by 30% so lets call it £100 mill.. current Market cap..about £57 million...70% upside here..TP around 750p.. by thiis time next year.
So they state that the second half will be the same level of growth.. I'm assuming full year revenues at £135 mill ebitda at 33% so £41 mill and overheads at same as last year to £25 mill ( optimistic given its a growing company but lets go with it) giving a profit before tax of £16 mill for the year. on a marlet cap of £643 million gives a P/E of over 40...... no thank you.....
Last qtr aaz produced 654 tonnes of copper and 6000 Oz of gold. This gives revenue of 654 x 9600 usd per ton gives 7 million usd from copper. 6000 Oz x 3200 gives 19.2 million revenue from gold.. copper producer you say????