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$3.69 azure minerals limited

Companies don’t buy assets based on Resources. They buy on the...

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trueman

91 Posts.

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08/09/23

05:23

Post #: 69778529
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Originally posted by davo1: ↑

If the bid for LTR is $6.6b based on 156mt and we can prove up the upper end of our resource estimate of 240mt we should be valued at around $9.9b. Our 60% of which should be roughly $6b or $13 per share.

Early days and rough figures obviously but talk of accepting $5 etc… could potentially be selling us out way short.

Gifting Andover to a suitor at this stage would be the last thing on Tony or Mark’s mind I would imagine.

Exciting times!

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Companies don’t buy assets based on Resources.

They buy on the underlying business. Sometimes confined to Ore Reserves.

LTR Ore Reserve is only ~60Mt.

AZS Price at posting: $2.92 Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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