just thought it an interesting observation to run a comparison btwn AGO and FMG
Now before you reply stating that I haven't made allowances for this and that just relax. I didn't want to spend all day on it I just wanted to reconfirmed my position in the stock for my own sanity and this is what I come up with:
Assumptions - if AGO WERE DOING THE SAME PRODUCTION AS FMG (11x) SP WOULD BE 31.9 cents
If AGO HAD THE SAME AMOUNT OF SHARES ON ISSUE AS FMG (divide 31.9 cents by 2.89) the SP FOR AGO WOULD BE AROUND 11 cents. As stated above this doesn't allow for FMG's higher margins but on the other side doesn't allow for their much higher relevant debt either (80x) it would take three amazing years for FMG to repay all their debt AGO will be debt free in two good quarters.
All the best to AGO holders prediction 5 cents by Jan 20th, 7 cents by April 20th, 10 cents by July 20th debt free by April 20th.
AGO Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
