WWI 7.14% 1.5¢ west wits mining limited

Inspired by Donald's fun with numbers, I'll come at it from a...

  1. 97 Posts.
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    Inspired by Donald's fun with numbers, I'll come at it from a different angle. All financial figures are $Aus. If they do get in to 100k pa, could it work like this:

    Assume WWI share of profit is $300, that gives annual profits of $30mil. Using a P/E ratio of 9 = $270mil and divide that by number of shares (765mil), we get 35c a share.

    Definitely worth a punt, especially as properties in Oz and Indo could also have chance of adding value.
 
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