AM7 spent around $1.7M and 24 months to fund a tantalum concentrate plant via a JV with a a capex of around US$7.0M /A$11.0M. This should generate free cash flow to AM7 of A$4.OM per year. Assume that interest is valued at 4 x $4M is $16M or 200% current MC. So all of the other assets including claypan lithium, brine potential and additional tantalum resources carry a nil value. Then there are additional gold and base metals prospects that also carry a nil value.
AM7 Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
