what value the musongati reserve ?
Norilsk were prepared to pay about $6-7 bill for lionore.
i would assume that the musongati deposit is bigger than lionore and allowing for a discount of 50% for being in africa because it can be unstable at times.
this equates to $3 -$3.5 bill.
not a bad purchase for a company with reserves of $150 bill (@usd $40,000 per tonne) plus other mineral content.
AGY with 100mill shares on issue and this equates to $30 -- $35 per share.
i would like you comments.
the current shareholders are in a very strong position ( if they afford to hold) because the predators are out there but if there is no stock to sell , then guess what .
enjoy the ride and be patient.
seadog
"a fool and his money are easily parted"
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Mkt cap ! $132.4M |
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5 | 163943 | 0.091 |
15 | 1454530 | 0.090 |
6 | 427454 | 0.089 |
5 | 118736 | 0.088 |
Price($) | Vol. | No. |
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0.094 | 73784 | 2 |
0.095 | 51130 | 1 |
0.098 | 10250 | 2 |
0.100 | 158472 | 4 |
0.105 | 589111 | 4 |
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