Mc
There is no doubt that this play is well undervalued atm and will really fly when approval is given to start mining.
Cape Lamber got $400million for their deposit of 1.56 billion tonnes if AGO proves up 2 billion tonnes and we discount the price by 25% to say $300 million that leaves all the rest of their deposits and DCF valued at about $150 million.
Now I think I am being very conservative in those price estimates but even at the discount it does make for compelling buying.
- Forums
- ASX - By Stock
- AGO
- upgrades ridley iron resource
upgrades ridley iron resource, page-2
-
- There are more pages in this discussion • 19 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 AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online