I refer to a recent research report which can be found @ www.rcresearch.com.au-
They value AON at 53 million on a theoretical 100million tones. This compares favourably for two reasons;
1) Apollo has a market cap of about 12million. Hence, to reach 53million the share should be at least 40c. Big upside.
2) The estimate is based on 100 million tones. This is very conservative and has a very high confidence with an estimate at Mt Oscar of 500 million tones. The Mt Oscar Anomaly is 5 x 2 km's.
Commonwealth hill has an 8 km strike which could host another 500 million tones.
Apollo is cheap and provides an excellent entry price at these levels.
Drilling to commence soon and many results to follow.
Apollo's board is well supported by eager Chinese counterparts including our newly acquired investor Armco from New York...
AON Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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