AYN has a market cap of $170m, ARD around $22.5m (@ 25c)
ARD has $100m CAPEX spend to get to production.
ARD has double the Silver resource of AYN.
Sure AYN is more advanced, but they were saying last year they would be in production late 2010, now it's late 2011. Where is the resource upgrade they've been promising for 6 months? Sure they *might* prove up a larger resource, but there is the potential for ARD to do the same.
I don't see how you can justify AYN as cheaper. They look fully valued to me.
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.26M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $53.77K | 2.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2535204 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 679965 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| ARD (ASX) Chart |