AGY has a MC of $662m with "Current JORC indicated resource supports a 10,000tpa operation for 16.5 years (or 15,000tpa for 11.5 years)".
If ASN can prove its JORC is substantially higher at >25,000tpa over 25 years from its drilling of LC2 well Mississippian brine aquifer, and when it has progressed to >50% construction phase, I think we can expect similar to higher MC then AGY current MC.
This would make ASN SP @ 65 cents or higher.
Only time will tell.
AGY has a MC of $662m with "Current JORC indicated resource...
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15.5¢ |
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