Day trading pre-market open November 30, page-38

AKM

westpac bought most share on monday,

Now +9.3 m since june



NPV is AU $5.5 b at current coking coal prices , Cap is 45 m and EV 20 m or $10.50 per share on issue


only need 300 m US to build mine and road, just waiting on final road approval

Backed by Noble group and one of mongolias richest men , they own 60 % of AKm shares


300 US spot - 100 US cost x 4 mt a year / 0.65 = $1.2 B profit per year on 30 year mine life

or $2.50 per share on issue



current price 9 c


lol



if it gets up it will run like it did in 2010


see AGM presso for time line