Hi folks,
My calculations:
PE= 0.43 (2010/2011)
EPS Growth Yr1=1,032.65%
Current SP ($0.008)
0.008 x 1032.65% = $0.082612 - rounded up = 8.3c
If AXM meets its profit forecasts for this 2011/2012 year I reckon the share price at June 30th, 2012 should be 8.3c.
Of course this would depend on Gold prices and other variables. not an exact science I know.
Alt Out!
