- Cash Costs negative 12 cents per pound! Year to date cash cost of 6 cents per pound - Metal production up 10% for Copper and 14% for Zinc. - Cash on hand increased from $30mil to $34.3mil - No Debt
Based on current YTD cost and current volumes, current metal price, AUD$, etc.
I have an EPS of approx 11 cents, PE of 6, should have a SP of 66 cents.
Stress test: lets increase the cash cost to 30 cents would still deliver EPS of 8.7 cents and a SP of 52 cents.
SP today 32.5 cents!
JML Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held