Current price seems ridiculously cheap. Market cap is below USD 200 million.
It seems that current sales price for Spod will be around 800 USD / ton
If AJM achieves their DFS cost of production of around USD 300 / ton that leaves a whopping USD 110 million of EBIT (220.000t x USD500/t) for stage 1 alone.
Even if costs come in higher or sales price somewhat lower this company will be a serious cash generator very soon.
Long story short: I topped up another 200k shares on Friday at prices that I did not expect to see anymore. Thanks to whomever sold them to me.
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ajm ready to move alot higher, page-47
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
121 | 181496973 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 20055545 | 43 |
Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
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