I have always believed AHN was significantly undervalued and simply lacked the board mojo to take it to mining execution. As a baseline comparison FEX's flagship Iron Ridge Iron Ore Project only started with JORC 2012 compliant resource of 8.3 Mt @ 64.8% Fe (as FEX announced on 29 August 2022). Production commenced in December 2020 followed by first sales were generated in February 2021, shipped from the Company’s port facility at Geraldton. Approximately 1.3 million tonnes of premium ore have been exported annually. FEX current SP is $0.26 with a market cap of $154M. In comparison AHN have a JORC of 29.3Mt at 70% ++Fe which will only increase with the additional drilling. So as much as the AHN board have been taking the slow road I believe they are on the right path. Please do your own research.
AHN Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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