Great summary Askier, I've recently bought in on a similar basis. Another way I see it is that using the reserves multiple that AGO is paying for GIR, the value in AJM's stake in Mt Weber would be worth c. $40m which in addition to the cash on b/s, you're effectively geting a free hit on the coal, mining services, and lithium assets.
a stock to own in 2011, page-5
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