Thursday, March 13, 2014

CNMC in 2014: Higher economies of scale, gold production = higher profit

CNMC in 2014: Higher economies of scale, gold production = higher profit: "Voyage Research analyst Liu Jinshu, in a report dated 3 March, said he expected CNMC to grow its net profit by 240% in FY14, boosted by the start of operations of the third leach pad from 2Q or 3Q.

"We maintain our valuation of CNMC at S$0.800 per share," he said. In comparison, CNMC stock price currently trades at the 25-cent level."



'via Blog this'

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