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0.00% 3.0¢ morella corporation limited

My excel spreadsheet says that AJM has a 155% upside to reach...

  1. bgbuc1
    90 Posts.
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    22/12/18
    20:01
    Post #: 36945651

    My excel spreadsheet says that AJM has a 155% upside to reach fair value. 


    Based on conservative assumptions, such as PE of 9, missing nameplate in stage 1 by 20%, a really low lithium price of only $600USD, and stage 2 not being completed until 2020, with a discount rate of 18% for stage 2, my excel says AJM's fair value is 36c. 


    This is a strong buy!

    More bullish assumptions and this could be over $2. 

    AJM Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 6  Great analysis
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