The market is not valuing AGS on the small high grade western zone Fedex.
We know there is a truckload of U there.
There is a premium built into the price because of the massive area of the Beverley 4 Mile prospect as a whole which represents absolute BLUE SKY potential, not to mention all the other variables like no new mine license reqd, free-carried etc...
There have been enough drill holes over the entire tenement to publicly state Australias biggest U discovery for 25 years.
10-15 million lbs for 25% of JORC B4M West... perhaps.
Bigger picture = 50million lbs for 25% share... and with a $14 million drilling budget this year, that is going to be realised quicker than anyone can imagine.
Disc: Holding from 19c
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fedexpress says 10 or 15mil pounds, page-6
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