I've being sitting on the sidelines for a bit I was wondering if someone could tell me a bit more
I was working on trying to value the company at EV/Mt of 10cents
so 500Mt = Mc 50 mil
I thought this was a conservative price
but then I found
EMG who have 561 MT and Mc= 21 million
(both magnetite)
Is it both their location at Mt extension and the major shareholders that you like about ACS and/or is EMG a dog.Really don't get enough time for research
thanks if you can help...I like getting on board companies b4 JORC but I'm wondering how much has being figured in already.I spose 2 directors taking up a bit of the placement should say something. any opinions?
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