TSXV:AUN.H - Post by User
Comment by
ororicoon Oct 09, 2009 1:46pm
394 Views
Post# 16377766
RE: News
RE: News
Short term this is the most interesting part of the statement:
¨The expansion should be completed in the first quarter of next year, andwill increase metal output to 1,25-million ounces of silver, 5-millionpounds of copper, 5-million pounds of zinc and 1,5-million pounds oflead.
“It's cash-flow positive and we expect it to be very profitable once the expansion is completed.”
All told, the operation is expected to generate more than a million dollarsa month in net profit once the expansion is completed.¨
So if he's right the annual operating profits will be $12 million which comes to a PE of just 2 at the current share price. Not bad for PM company. Thruly amazing to think that just a short weeks ago you could have bought shares for as low as 8 cents. In a couple of years this might well be seen as a life time bargain. Sure hope it's the case I loaded the truck big time on this one!