"Part of the market is happy to look forward to what may be in the future, and invest for that 10-bag opportunity."
10x bag opportunity? - are we talking about the same stock in Agy?
At 8c to 10c (around $100mil MC) - Agy already represents fair value for its yet to be built & 24 months away 2000t pa production.
ORE is currently valued at an EV of $500mil based on 13000t pa production on margins of 60% or AUD$85mil pa cash earnings.
Agy in 24 months time may possibly be producing up to 2000t pa which is 15% the scale of ORE and on similar margins are only earnings of $12mil p.a
15% the size of ORE's $500mil EV is just a $75mil market cap for Agy or 8c per share pre dilution - what 10x bag opportunity are you talking about?
So then you allude to Agy's 10000t pa plans which is unfunded and not even the medium term target for Agy - market should value Agy on that yes?
Even in 5 years time when Agy maybe on a 10000t pa production Agy's isn't even a 5x bag opportunity from current sp going by ORE's real world valuations
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3.8¢ |
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Mkt cap ! $55.32M |
Open | High | Low | Value | Volume |
3.9¢ | 4.0¢ | 3.8¢ | $131.9K | 3.384M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 872154 | 3.8¢ |
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Price($) | Vol. | No. |
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4.0¢ | 990329 | 8 |
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No. | Vol. | Price($) |
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4 | 872154 | 0.038 |
6 | 1030581 | 0.037 |
25 | 2570708 | 0.036 |
26 | 2613178 | 0.035 |
6 | 1226910 | 0.034 |
Price($) | Vol. | No. |
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0.040 | 990329 | 8 |
0.041 | 670500 | 6 |
0.042 | 998817 | 10 |
0.043 | 1577500 | 3 |
0.044 | 1316726 | 8 |
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