@MrLong2019 - What we should be really talking about is the market cap of the company, not just share price as it is potentially misleading. Unfortunately, many punters on this platform only consider price.
Based on the current market cap of ~$850 mill for AZS, the resource value atm is valued at ~1.4 Billion if you extrapolate the 60% AZS ownership to 100%
In my opinion, it is entirely conceivable that the inferred resource value over the next few months could be between $2-3 billion meaning a ~$5 price target for AZS as being possible (Discounting any cap raising dilution). So I too support a Bell Potter target.
This will run out of steam at some point and pull back 30-50% but hopefully the news flow keeps coming so that day is bit off yet!
- Forums
- ASX - By Stock
- Ann: Exploration Target for Andover Lithium Project
@MrLong2019 - What we should be really talking about is the...
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online