June is a big month for Ben news - Rail news, MM report on resources plus 6month Financial End of July/ beginning of August BEN will be in full production
87p will look extremely cheap in a couple of months
In full production BEN will do 870KT HiVolB plus 120KT HiVolA that will be mixed together. If we are working on $200 margin that will give $198m EBITDA X P/E 6 = $1.188bn ÷ 354m shares = $3.36 sp value = £2.69
I think once the rail news and marshall miller report is in, 80p range will be long gone. I think the 6 month results are in June also, so alot big news coming up.
Strong support level now around 85/86p, soon as the rail pictures come in we should be 90p+. I think after the Marshall Miller report on resources (RNS) comes in we could be challenging our ATH.
With the all the imfustructure in place plus the met coal price consistently going up this is a great share to invest in, i cant think of any company better on AIM.