When I get some time I’ll provide a detailed analysis and valuation but it’s worth pointing out the price action on MNB (disclosure: held), which is a similar business with a similar market cap but the key difference is Next investors are shareholders so you get the occasional pump email, which creates some amazing price action - see yesterday, up 34%. MNB is also more widely followed.
Here’s a post of their recent note, which has huge relevancy for AGR and aligns to what
@blister has been posting ie the underlying commodity has been booming which magnifies the NPV.
https://hotcopper.com.au/posts/54066800/single
It’s worth pointing out that while the NPV is lower at AGR, we’re fully funded, should be in production sooner and have some highly economic copper exposure that has a fantastic upside.
