I've got about 20+ reasons why I'm bullish on AMI, but this is the most solid reason:
- they bought Peak from New Gold for ~$54M AUD. New Gold spent ~$500M AUD developing the Peak mines. They mined Peak for ~4 months and paid off 100% of their purchase with what they mined from Peak.
What does this mean? In effect, they bought a distressed asset at 1/10 the cost it took to develop it. It also means anything else they get from Peak goes straight to the bottom line, because it paid for itself. I wouldn't be surprised if Peak is a 20-bagger in 5 years. It's under-explored, well developed, and AMI would only need to spend nominal sums to tweak what already exists at Peak, to get a whole lot more $$$ in the long run.
Now, if we put all of this into a holistic perspective and imagine how much it costs to develop a mine, you'll know why it's inappropriate to compare ANW with AMI. Buying Peak was like the classic Benjamin Graham 50 cent-dollar, except it's more like a 5 cent-dollar... I almost thought they we're taking the piss when they announced they bought a $500M+ asset for $54M, and paid itself off in 4 months!
Anyhow, this thread is about ANW, so let's leave this here and keep it to ANW.
- Forums
- ASX - By Stock
- C7A
- Ann: Mining of First Ore Block at Granville Tin Project
Ann: Mining of First Ore Block at Granville Tin Project, page-202
-
-
- There are more pages in this discussion • 154 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add C7A (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $2.801M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.4¢ | $1.386K | 99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 59802 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 0.014 |
3 | 414237 | 0.013 |
5 | 723330 | 0.012 |
4 | 1118738 | 0.011 |
5 | 1080000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 59802 | 1 |
0.018 | 185000 | 1 |
0.019 | 220542 | 2 |
0.020 | 305100 | 2 |
0.021 | 50000 | 1 |
Last trade - 15.50pm 22/07/2024 (20 minute delay) ? |
Featured News
C7A (ASX) Chart |