Potential, page-83

Hi All,

Just a comment before I start. MIN has 187 million shares on issue and a MC of approx 4 billion. SP approx $22.oo

AGO MC approx 300 million 9.5 billion shares on issue SP 3 cents.

I understand the difference but look below.

Business Fundamentals:

Just reading through MIN Yearly Report: (4 billion market cap)

Total Export Commodities 13 million tonnes

Iron ore:  appox 12.5 million tonnes (lump and fines)
Lithium DSO: 720 thousand tonnes
Magnese:  116 thousand tonnes
Spodumene: 146 thousand tonnes

Total FY revenue 1.5 billion,  Return on Revenue 14 %

Net Debt / Cash 104 million

AGO Comparison: (was a 4 billion market CAP)

Iron ore:  appox 10 million tonnes + Corunna Downs (lump and fines)
Lithium DSO: 1 million tonnes tonnes
Mulitple future DSO and Diversified Supply contracts coming.
Future Revenue with minimal capital cost forecast.
Tenament Value vs MIN.
Net debt free

FY profit 48 million

Summary:

Ok Grades of metals aside Cliffy has a good business model to follow based on diversification.

This is is something AGO should look at and follow for sure. And all kidding aside this is a conversation worth having among AGO investors.

Plus @asx_dude and @rcman future upside comments and points.

I think this is AGO's benchmark moving forward.