Ann: Half Year Accounts, page-70

2.6m profit for a company building a mine.

This a smart operation....

When the 2ktpa operation gets to construction complete next month that 2000 kpta selling at 50k us = 100m revenue

assuming ASIC of 3k thats 47k profit or 94m ebit

10ktpa or 15kpta operation in planning, plus resource drilling, give it a P/E of 15 which is light = 1.4b!

the 2kpta operation is happening next month - the market is pricing this at 628 - its grossly mistaken

I have been selling PLS / AKE and other majors to top up AGY, its upsetting the majors are flying and AGY is only partially flying, nevertheless the time is next month, i can wait !