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northenlightsk05

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northenlightsk05

Re: timhyma post# 4256

Wednesday, 03/02/2011 10:00:38 AM

Wednesday, March 02, 2011 10:00:38 AM

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I had a quick check. Nothing significantly. Their pass cement selling price was in the range of $30-$40 USD per ton. Their current selling price is 350-380 RMB ($52-57 USD) per ton. I think that they will make $3 - 4 million net earning in Q1/11. The valuation is very low,trailing PE=1.5 after Q1 earning report and PE<1 for this year projected earning.
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