As much as I would like it to be so, I doubt that these figures would be even close but it’s a nice fuzzy dream so far and we will have to wait & see what they get in Zambia before the dream can be expanded on. In the meantime I will just keep on dreaming.
Burundi Resource size 185,000,000 tons grading 1.31% = 2,423,500 ton nickel Nickel price @ US$15,000.00 ton = $36,353,500,000.00 Production rate at say 40,000 tons per annum= 61 year mine life Production of 40,000 ton per annum = US$600,000,000.00 earnings If AGY share of the project was say 30% = US$180,000,000.00 per annum Shares on issue 100,000,000 = US$1.80 per share $US / $AU conversion rate at parity? Share price = AU$1.80 Price to earnings ratio of 5. Share price = AU$9.40
That is just for the nickel in Burundi without any credits for the PGMs and anything else there. I think some of these figures were thrown about earlier this year
AGY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)