MMI metro mining limited

Ann: Mining Commences at Bauxite Hills, page-11

  1. 6 Posts.
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    from bucks369 (is there a help file/tutorial on how to use this forum software, so I can link to previous contributors etc) this means a potential current yearly profit in the order of $50m. With current issued shares of 1290.31M this gives ~$0.04 per share earnings. With a current share price of $0.29 this gives a P/E of ~ 7.5 (P/E of 10 would mean a share price ~$0.40). MMI "peers" in CommSec site are "energy" (due to their prior history with coal I suppose) and these peers have P/E of ~10-20. So if I have this correct (ie understanding of EPS, P/E etc) much upside potential in MML share price (although should really be looking at P/E ratio of other alumina producers)?
 
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