AGS current Mkt Cap is $34mill. Based on Damo79 calculation (see...

AGS current Mkt Cap is $34mill.

Based on Damo79 calculation (see below) the Sales value of our Share of production to date is $37.7mill, which is $3.7mill greater than our current Mkt Cap, with many years of income from future production to come.

With a backing of 9.5 cents per share (based just on current production) the current SP looks ridiculously low at 8.3 cents.

Obviously there is the over scenario to consider ,when imo Ags wins the current court case there could be imo a bidding war to buy our share of Four Mile.



Damo79 Post #:15368617

“As of 31st March, AGS's share of mined uranium was 491000 lbs.

AGS's share of uranium for April-May should be about 90000 lbs (based on the 2015 program, which says about 2.1 million lbs more will be mined from April to December. I divided this into months and assume 20% goes to AGS).
So current share of uranium is about 581000 lbs.

If it's sold at mid-term prices of US$50/lb (seems to fit with what Quasar said about first sales), and at the current exchange rate of 0.77 that means it's worth $37.7 million, which, and gives AGS assets of about 9.5 cents per share.”