Monday, 13 June 2011

Focus Minerals (FML.AX) Valuation

Valuation based on current consensus forecast earnings:

Note that this does not include the impact of the capital raising, which based on current information, seems to be unlikely to increase earnings per share over the next two years.

Potential adjustment:
Some rough estimates based on production targets and capital raising are listed below. Based on these figures, EPS forecasts come in below consensus. Note also that the production targets and these EPS figures are based on calendar year and not fiscal year.

Disclosure: I own FML and purchased at around $0.05 based on the model.

1 comment:

  1. I prefer gold mining stocks that are really producing the real thing as opposed to companies that just buy the minerial rights.