AGO 0.00% 4.5¢ atlas iron limited

AJM have a Mkt Cap. 3 times that off AGO, they won't be making...

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    AJM have a Mkt Cap. 3 times that off AGO, they won't be making an cash until later this year, whereas AGO is already maling making good money on their Iron Ore, and lithium later this year.

    Altura Mining
    Mkt Cap. of $861 Million
    Shares issue 1.81 Billion
    Atlas Iron
    Mkt Cap of $287 Million
    Shares issue 9.28 Billion
    But AJM also have a bigger debt($128M) and at a higher interest rate (14 to 15%).
    AGO has a debt of $103M at an interest rate of around 9% (Not sure of this, it is supposed to be 4.3% higher than US Libor, plus other interest factors)
    upload_2018-1-7_6-39-28.png
    They currently have $111M in cash, whereas AGO last reported to have $114M in cash.
    In any case, this is just another example that AGO is undervalued. They are in a better financial situation than AJM, and yet their Mkt Cap. is 1/3 of AJM.
    Last edited by Richie2013: 07/01/18
 
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