HMC 1.26% $12.04 hmc capital limited

Just having a reread of the annual report, there are some big...

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    Just having a reread of the annual report, there are some big positives:-

    Target lead production in 2011 is 22kt - compared to 14.7kt in 2009.

    That means lower unit costs and higher profit margins, combined with higher lead prices YTD.

    Hedging gains $1m in Sept Qtr.

    Land, buildings and plant valued at $13.4m - mkt cap $15m

    DYOR
 
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