MCR want to be doing 13,000t p/a... but on a falling resource. It is pretty much fully priced right now IMO.
If AGM can get their production up to 10,000t p/a, the lower costs will make it more profitable. Especially if they can sure up more of their resources, have no production problems etc etc.
But the commsec earning forecasts are a joke. I mean, MRE have done in a half,(nearly a quarter), what commsec forecast for a whole year. I'm sure the same applies with AGM.
Still should get at least another 20% from AGM within the year. Just the amount of shares on issue hold this back too much for me to have a punt on it.
AGM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
