Wednesday, May 7, 2008

Sandur Manganese Next Sesa Goa In Making

Scrip Code : 504918 Company Name : Sandur Manganese & Iron Ores Ltd

Cash EPS for the march quarter has been Rs 66/- per share . One time liability of 20 crores due to some past mining royalty charges thats why the profit is 38 crores is in iron ore mining in bellery district in karnatka year eps is projected to 280+ per share or 250 crore profit. Thus if we give a conservative PE of 6 than price could be 1700-1800 per in 1 year Next year.