AGY has a MC of $662m with "Current JORC indicated resource supports a 10,000tpa operation for 16.5 years (or 15,000tpa for 11.5 years)".
If ASN can prove its JORC is substantially higher at >25,000tpa over 25 years from its drilling of LC2 well Mississippian brine aquifer, and when it has progressed to >50% construction phase, I think we can expect similar to higher MC then AGY current MC.
This would make ASN SP @ 65 cents or higher.
Only time will tell.
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Open | High | Low | Value | Volume |
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2 | 200000 | 0.099 |
4 | 105001 | 0.098 |
3 | 115220 | 0.096 |
7 | 788720 | 0.095 |
Price($) | Vol. | No. |
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0.110 | 787364 | 6 |
0.115 | 248989 | 4 |
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0.125 | 387452 | 7 |
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