AGS 0.00% 17.5¢ alliance resources limited

some maths which will inevitably be wrong..., page-96

  1. 2,180 Posts.
    SISYPHUS- if AGS can legally mine their 25% then begs the question what are they waiting for
    I am however aware that the Itochu "strategic alliance" announcement mentioned that they would enter into a binding agreement /JV only when the legal stuff with Q/H is resolved - So that isn't going to work for us unless they decide to proceed regardless of the legal ramifications with the 75% JV- Im not uo to play so purely speculating at this stage

    Lets assume AGS own 20 mlb(25%) U 308 at 4 mile @ a cost of $35 all up (including depreciation/amortization/tax etc...) then at annual production of 3 /mlb give us some good numbers if we assume $65 sell (l/t contract prices)

    3 million x $30 NPAT=90 MILLION PER ANNUM

    90 M /400 MILLION SHARES =22.5C EPS X P.E Multiple 10 =$2.25 c per share


    Now thats pretty exciting

    MMM
 
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