Stock data
| Market cap. | £75.8m |
| Last close | 88.00p |
| High / Low (52 weeks) | 107.0p / 54.0p |
| Stock market listing | AIM |
| Forecast net cash (US$m) | 19.9 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (8.33) | (8.81) | (0.42) |
| Relative * | (3.83) | (1.32) | 9.43 |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (US$m) | EBITDA (US$m) | PBT (US$m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 1.4 | (6.3) | (6.7) | (12.89) | N/A | N/A |
| 2011A | 1.1 | (5.9) | (5.9) | (6.90) | N/A | N/A |
| 2012E | 19.8 | 7.4 | 7.5 | 7.02 | 20.2 | 21.0 |
| 2013E | 40.4 | 24.5 | 24.8 | 23.12 | 6.1 | 5.5 |
Last updated on 04/05/2012
Latest research
First production on time
Update | Mining | 03/05/2012
First production looming
Update | Mining | 01/03/2012
Kounrad official opening
Flash note | Mining | 12/12/2011
Kazakh-missed
Outlook | Mining | 01/08/2011
Investment summary
It is remarkable when any mining company manages to complete construction under budget and with only slight delays, but Central Asia Metals (CAML) has done just that. Only 18 months from laying the first foundations, Kounrad has become fully operational and is now producing its first copper cathodes. Production commenced 29 April and and so far is 25t of copper cathode, with 300t expected in May and 2012 forecast production of 5,000t (50% of Kounrads’ nameplate capacity).
Last updated on 03/05/2012
Industry outlook
The current copper price of US$8,350/t, or roughly US$3.79/lb still outweighs the LOM price of US$3.00/lb used for valuation.
Last updated on 23/04/2012
Key management
| Nick Clarke, CEO |
| Nigel Robinson, CFO |
Company address
| 4-5 Park Place London SW1A 1LP United Kingdom View website |
