I agree that they might have been hoping for a greater expansion of reserves, increasing LOM.
Even so, my excel spreadsheet has fair value at $0.98 on a P/E of 11.
Including stage two, with a discount rate of 15% pa and presuming dec 2019 shipments, today's current fair value is $1.80.
And even with really conservative assumptions my excel puts today's fair value at $0.59.
AJM's market cap still has a long way to go. BUY
Ann: Upgraded Ore Reserve and Mineral Resource Estimates, page-39
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Mkt cap ! $15.44M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $5.366K | 1.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 161 | 194251777 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 31770114 | 87 |
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| Last trade - 14.13pm 17/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 3666131 | ||
| Last updated 13.55pm 17/06/2024 ? | |||||
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