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29/03/06
17:27
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Very good question!
In this Uraniumbull Market its what the market can stand. However AGS do have Uranium!
In my view AGS is worth at least 4 x TOE
Probably 10-15 x DYL
and about 0.4 of a PDN
So I guess that means its it will be worth about $800M - $1B or about 8-10 times what it is worth now.
That gives you a share price of about $4-$5
That is of course without M2 which could easily add another $1 to the share price if M2 is good.
If the Uranium Bull Market continues and the likes of TOE, DYL, etc double in price then conceivably AGS will be worth double too.
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