Both will do very well. Comparison wise.
* AJM aims to produce 220kt of 6% plus concentrate while PLS aims to produce 330kt (both stage 1). So PLS revenue from concentrate sales should be 50% higher. So if AJM makes $100 mil in revenue from sales than PLS will have $150 mil. So a factor 1.5X
* Market cap wise, its $400 mil versus $1400 mil (factor of 3.5X)
* PLS has a reserve of over 20 years at stage 2 production. AJM has over 10 years. I believe 20 years is plenty and also believe AJM will probably expand its reserve eventually towards 15 years or so.
* I don't believe the tantalum credit will be that significant as I expect its price to collapse as more mines try to cash in on this credit and saturate the market. I think long term running costs will be similar especially with AJM having a dedicate circuit for Mica removal which I believe is missing from the PLS plant = high recoveries.
Anyhow, IMO, with a mere 1.5X more production but a market cap that is 3.5X higher, I believe that AJM is much better value right now investment wise.
Things will turn around soon enough.
AJM Chart, page-4476
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
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