Bendigo,
I’m well aware of GCL new financial year. I had setup the model before the change in financial year. As you pointed it makes absolutely no difference to earnings. I believe 2006 will be a big year. I’m not to sure GCL can attract a PE of 7 or 8 due to its limited mine life, however something in the range of 5 - 6 would be good.
morgans strong buy on gcl, page-11
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