Beer and Co Update out - 36c val, page-2

LOL I actually emailed them yesterday asking them to update their report. LOL seems like theyve doubled their valuation. Awesome response from that research house!

Beer & Co is raising our valuation on AJM, from 12c to 36c due to a combination of :
 Lower operating costs overall;
 Higher throughput and consequently lower operating costs;
 Offset partly by higher capital costs; and
 Higher product prices.

Beer & Co believes there is further significant upside potential to our valuation from
 Higher spodumene prices, as the price used in our valuation is
 Fewer new shares being issued to raise the capital to bring the project into operation, due to a higher share price and potential interest from AJM’s Chinese partners; and
 Successful project delivery.

AJM should move further on the back of PLS's feasibility study too. God time to pick up more at these levels, I certainly am.

Best