Katanga Mining Ltd Ord KATFF

RE:2019 Earning Estimate Without Exporting Cobalt - KAT

[Dragone64]

So you are talking of a net operating profit of roughly 30m for 2019? How should that support a SP of 1.2 to 1.50? 30m is basically nothing......to support a SP of 1.2 to 1.5 I would rather expect a net profit in the region of 300 to 500m (depending on the PE you would like to apply and I think you might take 50% discount on the average PE of the industry). Am I wrong?