I agree that they might have been hoping for a greater expansion of reserves, increasing LOM.
Even so, my excel spreadsheet has fair value at $0.98 on a P/E of 11.
Including stage two, with a discount rate of 15% pa and presuming dec 2019 shipments, today's current fair value is $1.80.
And even with really conservative assumptions my excel puts today's fair value at $0.59.
AJM's market cap still has a long way to go. BUY
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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40 | 119423809 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.004 | 13858075 | 53 |
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