All in opinion:
AGO 2011 (Was)
MC of 4 billion+ (Shareprice @ $4 per share)
AGO produced 4.6mil tonnes
Had 375 million in cash and no debt.
Had C1 cash costs in range of A$40 - A$43 per tonne (FOB)
Had a good history of aggressive drilling in Australia.
Joined S&P/ASX100 list in March 2011.
AGO 2017 (Currently)
MC of 170 million (Share price @ 1.8 cents per share)
AGO produced up to 13 million tonnes.
Has C1 cash costs in range of A$34 - A$36/wmt per tonne (FOB), Full cash costs A$53/wmt. DOWN Significantly.
Has clever hedging in place to protect exposure to IO volatility.
Has more cash held than debt.
Has JV with PLS.
Has Lithium potential.
Has Gold potential.
Is on target to pay off debt completely during 2018 and diversify. Cash building.
AGO 2018 (To be - All conservative predictions)
MC of 1-1.7 billion + (Share price @ 12-20 cents per share)
AGO to produce up to 11-14 million tonnes, almost half Lump.
C1 cash costs in range of A$34 - A$36/wmt per tonne (FOB), Full cash costs A$53/wmt.
Hedging still in place to protect exposure to IO volatility. AGO is getting better with timing of hedges.
NO debt.
JV with PLS materialises with promising Mt Fransisco drilling results as resource is proven with upside to both parties.
More lithium drilling results on AGO 100% owned tenements. Further Lithium upside.
Gold drilling results. Gold Upside.
Diversified miner.
Options on the table being in the Pilbura.
Re-rate.
Share buyback, Share consolidation and potential name change.
So to answer your question
@rcman, Atlas MC should be fairly priced with a MC of at least 1 billion plus in 2018 as a conservative prediction as debt is paid off in full. If lithium and gold drilling is very encouraging then 15c-20c+ easily. Anything less than 1 billion MC will be greatly undervalued in my eyes for the diversication potential of Atlas and quite laughable for what Atlas is truly worth compared to undiversified peers. AGO will be debt free faster than its bigger peers with diversified income streams. That's another certainty in my opinion. So it's about time the SP started to reflect its incoming positive reality.
