looking at a number of recent research reports ( 3) and all have valuations in the 174-182 range however interestingly none include higher production estimates and are basing these valuations on production of mid 300s in 18/19 and then high 300s for 19/20 . So plenty of valuation upside when production upgraded and costs lowered - valuations of 220 plus likely
Now for some numbers to get everyone excited - remember these are derived from current production and cost profile
2020 PE 3.7 / 4.3
2020 NPAT 230 /216
2020 cash flow 364 m /338
And this comement we all agree with
We recognize the company is one of the very few 300k plus ASX producers under coverage that is trading at a material discount to valuation despite it let long life scalable assets and technical expertise of the company
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