I dunno why this argument keeps going round and round, but here...

I dunno why this argument keeps going round and round, but here goes...

Most of us agree that AGS is a quality company backed by a most impressive resource and a JV partner that has almost unlimited funds, and it will no doubt mine uranium at some stage....but at current prices, AGS has EV/share of about $70/lb at 15,000 tonnes. We all know that the final figure will be higher, but in order for the EV/share to come down to a more resonable level, they will have to at least triple that to 50,000 tonnes.

Given that 1km2 of the most high grade part of the western zone "only" yielded 15,000 tonnes, which for the most part are many times thicker and richer than the best part of the eastern zone, I feel that there is still a lot of risk that has not been priced into the stock at current prices!!

IMO, will be a good buy at around $1.50 that gives it an EV/lb of $20 at total resource of 30,000 tonnes (25% attib to AGS) with good margin of safety from further exploration upside.