I have been trying to calculate the current value of AGS and the time frame for reaching productivity.
I would be grateful if someone could provide the following information.
What is the net tangible asset per share (assume only the currently known resource - not the potential resource). Assume Uranium price approx $A85/ pound.
What is the likely date for production of Uranium to begin. What are the likely number of pounds of Uranium per year in years 1,2 and 3.
When will gold production begin and what is the likely production figures in years 1,2 and 3.
I realize much speculation is required to arrive at these figures. I am trying to use known, reliable information to ascertain the true current share value. I reckon 77 cents is a gross undervaluation.
I am not clever enough to work it out accurately but my gut feeling is that the sp should be closer to $1.80.
Thanks in anticipation.
AGS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held