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
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AKM westpac bought most share on monday, Now +9.3 m since june...
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