Getting better at 63cps BUT NPV will become redundant once AJM comes into production (Look at GXY & ORE). If we apply ORE's & GXY's FCF multiplier to AJM's FY2019 FCF = A$110m then AJM valuation = 20 times x A$110m = A$2000m/(1833+75) = A$1,0. Exactly where I think it will get to some time next year and if the Li ETFS starting including AJM in their portfolio I suspect it will be even higher still.
beer and co research report., page-13
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
