I don't understand the AGY bashing in here at times, I hold both. I never post on AGY as I never feel compelled to. Sure, their resource is small compared to others and their 2kt plant seems small compared to others' aspirations, but they have runs on the board. At $1B MC I think they are close to fair value now but they will very soon be generating real income which will fund future expansion.
ASN have taken a different path but at their current point of project maturity, if one considers AGY fair value at $1B, I'd argue ASN should be circa $500-700M, or 50-60cps right now.
Given ASNs larger resource, Tier 1 jurisdiction, 10-13kt Stage 1 output, strong ESG etc etc, I see ASN fairvalue at commencement of construction of circa $1-2B MC.
ASN General Discussion, page-8232
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14.5¢ |
Change
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Mkt cap ! $187.1M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 548841 | 14.5¢ |
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| Price($) | Vol. | No. |
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