Central Asia Metals (LON:CAML) - Raising guidance
Oct 02nd 2012 - Edison Investment Research today published a report on Central Asia Metals (CAML.L, LSE:CAML, LON:CAML) entitled "Raising Guidance". In summary, the report says:
Central Asia Metals (CAML) has produced a strong set of interim results for H112. The main takeaways are that it brought Kounrad into production in 20 months, US$8m under budget at US39m, and it achieved copper cathode production of 1,728t to end June with 4,318t to date (from first production on 29 April to 26 September). Being so close to its original production guidance of 5,000t for FY12 already, CAML has raised its guidance to 5,750kt for 2012, a 15% increase. This translates to a potential 60% increase in EPS to 12c, which uses a US$3.44/Ib Cu price for FY12 (vs US$3.00/Ib previously). Our NPV10 rises slightly to £1.13 (vs £1.11 previously) at US$3.00/Ib from 2013. Near-term upside is geared...
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