Hi Dalatta,
Why do you say 4-5 bagger from here?
My understanding is that each share in ACB(~160m shares) is worth about 1 lb of resource (@158m lb), so at the moment ACBs resource is valued at roughly 0.68c /lb.
A 4-5 bagger would only make that figure $2-3/lb resource. I think that this should be the ACBs current value as an explorer but once funding for operation setup is secured then this stock should be trading somewhere above $3-$5 /lb. Once production begins it should be even more. If I'm still a shareholder when production beings I would expect each share to be trading at least $6..
Sorry if I'm getting carried away here and my maths are wrong..
I think we'll all enjoy the weekend a little bit more after todays move !
- Forums
- ASX - By Stock
- ACB
- exciting company - a cap resources (acb)
exciting company - a cap resources (acb), page-16
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)