DES 4.26% 9.0¢ desoto resources limited

how about this back of an envelop calculation of '08MPH profits...

  1. 3,698 Posts.
    how about this back of an envelop calculation of '08

    MPH profits $4,644,000
    interest @ 8% on $42 m = $3,360,000
    $1,284,000
    DES
    NPAT = $3 m
    207.9 m shares

    eps .02
    price .26
    PE 13
    future pe 15

    Target Price .30
    15% upside
 
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