I've got about 20+ reasons why I'm bullish on AMI, but this is the most solid reason:
- they bought Peak from New Gold for ~$54M AUD. New Gold spent ~$500M AUD developing the Peak mines. They mined Peak for ~4 months and paid off 100% of their purchase with what they mined from Peak.
What does this mean? In effect, they bought a distressed asset at 1/10 the cost it took to develop it. It also means anything else they get from Peak goes straight to the bottom line, because it paid for itself. I wouldn't be surprised if Peak is a 20-bagger in 5 years. It's under-explored, well developed, and AMI would only need to spend nominal sums to tweak what already exists at Peak, to get a whole lot more $$$ in the long run.
Now, if we put all of this into a holistic perspective and imagine how much it costs to develop a mine, you'll know why it's inappropriate to compare ANW with AMI. Buying Peak was like the classic Benjamin Graham 50 cent-dollar, except it's more like a 5 cent-dollar... I almost thought they we're taking the piss when they announced they bought a $500M+ asset for $54M, and paid itself off in 4 months!
Anyhow, this thread is about ANW, so let's leave this here and keep it to ANW.
- Forums
- ASX - By Stock
- C7A
- Ann: Mining of First Ore Block at Granville Tin Project
Ann: Mining of First Ore Block at Granville Tin Project, page-202
-
-
- There are more pages in this discussion • 154 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add C7A (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.401M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 201998 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 186606 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 201998 | 0.012 |
3 | 3090480 | 0.011 |
5 | 1080000 | 0.010 |
2 | 666888 | 0.009 |
3 | 482500 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 186606 | 1 |
0.015 | 381157 | 3 |
0.016 | 200000 | 4 |
0.017 | 110000 | 3 |
0.020 | 5316 | 3 |
Last trade - 16.12pm 03/07/2024 (20 minute delay) ? |
Featured News
C7A (ASX) Chart |
Day chart unavailable
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online