Plenty of broker coverage on ABY however we like ABY's baby sibling MUR.
ABY & MUR hold in JV the Maroochydre deposit, 100kms from the ABY mine and site. Surface deposit, open cut, maybe some slight metallurical issues they are now investigating (possible more costly to process due to requiring a little more acid than usual).
At current prices, Maroochydre has $6 billion metal value of copper and cobalt, say $4B long term. Already JORC compliant.
MUR market cap is only $54M. MUR also has uranium in Africa, with exceptionally high grades in Mauritania.
If you are confidently holding ABY, then holding some MUR is an excellent long-term investment.
MUR currently trades around 14 cents a share. Tuck a few away in the bottom drawer cannot hurt much.
ABY starts earning some cash and maybe by 2010 they are processing the ore from Maroochydore and have taken over MUR.
anyone got thoughts on aby, page-7
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Last
83.5¢ |
Change
-0.010(1.18%) |
Mkt cap ! $78.45M | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 84.5¢ | 81.5¢ | $51.69K | 62.62K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10954 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 3954 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ABY (ASX) Chart |