Yep breaking into blue sky with strong volume looks good for monday…
My estimate above of US$1 EPS a share is about what comsec are saying for FY2010 based (i think) on macquarie equities – with all the infrastructure pretty much in place and approvals almost all provided this is in the running for the next aussie iron ore producer (even though its deposits are in norway!)
My estimate above of US$1 EPS a share is about what comsec are saying for FY2010 based (i think) on macquarie equities – with all the infrastructure pretty much in place and approvals almost all provided this is in the running for the next aussie iron ore producer (even though its deposits are in norway!)
NFE (mkt cap $0.28 bn)
Earnings Forecast (cents per share)
2007 2008 2009 2010
EPS -4.6 0.1 30.3 99.0
some comparison with the mid-west iron ore producers…
this is GBG (mkt cap $0.85 bn) sp $1.65
Earnings Forecast (cents per share)
2007 2008 — —
EPS -0.7 -0.8 — 0.0
MIS (mkt cap $1.5bn) sp $7.06
Earnings Forecast (cents per share)
2007 2008 2009 2010
EPS 0.7 -3.0 16.3 21.6
MMX (mkt cap $1.7bn) sp $4.15
Earnings Forecast (cents per share)
2007 2008 2009 2010
EPS -13.7 10.0 3.2 3.2
MGX (mkt cap $2.6bn) sp $3.26
Earnings Forecast (cents per share)
2007 2008 2009 2010
EPS 7.1 14.1 38.0 56.8
DPS 0.0 3.8 21.2 36.1
