RE: HBM - CHEAP??The P/E is not 23. It's more like 11 to 12. By now HBM should be debt free. Analysts estimates have been rising quickly trying to keep up.
jimi
HudBay Minerals Announces Fourth Quarter and 2005 Operating Results
3/22/2006
WINNIPEG, MANITOBA, Mar 22, 2006 (CCNMatthews via COMTEX) --
HudBay Minerals Inc. (TSX:HBM) -
2005 Financial Highlights
- Record earnings of $85.2 million or $1.04 per share
- Operating cash flow of $144.8 million or $1.77 per share
- Net debt reduced to $66.7 million
- Cash costs of $0.13/lb. for zinc(1) before CMM adjustment, or $0.23/lb.
2005 Production Highlights
- Zinc production up 4,500 tonnes to 115,000 tonnes
- Copper production up 9,000 tonnes to 86,000 tonnes
- Gold production up 23,000 oz. to 102,000 oz.
- Silver production up 296,000 oz. to 1,410,500 oz.
Corporate Highlights
- 76-year safety record at Hudson Bay
- Re-opening Balmat mine in Q2, 2006
- Purchase of White Pine Copper Refinery, Q1, 2006
- Annual $10 million exploration program
HudBay Minerals Inc. (TSX:HBM) ("HudBay") today announced record net earnings of $85.2 million or $1.04 per share on revenue of $652 million, for the year ended December 31, 2005. This compares to a loss of $9.9 million on sales of $13.3 million for the year ended December 31, 2004.