I agree with your post. The magnetite project has so far not unlocked any value , but will do so once an partner is introduced. How much could we attach to this deal????
It could be anything from $1 to $3 imho depending on the deal. AGO tries to add as much value to the magnetite project as posstible to get the best outcome and because of this have not made a deal as yet.
Looking at the huge increase of the iron ore price, they have followed a smart way by not signing an agreement in the earlier stages of the project.
AGO is going in my bottom draw for some very good reason....
jojo
AGO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held