Just to add a little more fuel to the fire.. Resource/reserves=1,242,000,000 tonnes. Shares on issue==== 895,000,000 So..1,242,000,000 tonnes x $4 tonne=$4,968,000,000. .......1,242,000,000 tonnes x $5 tonne=$6,110,000,000. Thus,considering shares on issue ======895,000,000.
we have @ $4tonne,=$5.55 per share,mkt.value..??? we have @ $5tonne,=$6.83 per share,mkt.value..???
The figures for resource/reserves are from memory as are the number of shares on issue...QED...
AGO Price at posting:
$2.03 Sentiment: Hold Disclosure: Held