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10,748 Posts.

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24/02/18

21:47

Post #: 31318741
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Originally posted by rjohnson1234 ↑

I liked your post but I think a touch conservative.

It’s about market cap. If we or should I say when we reveal commercial grades we should be a 300 million market cap company immediately. With 400m shares on issue and some options let’s say we have 440m shares on issue. Conservatively 300m market cap is 68c per share. If we are above 200ppm then imo that’s where we are. For the risk reward an increase of 3times is about right.

If we move to production we would be a 1b market cap. Let’s assume 100m shares issued to..... at 5oc then we have 540m shares on issue and another 5om in the bank to progress to serious production. That’s a sp of about 1.88.

My expectation is should grades and method be proved that the takeover people will be here or significant off take which makes my figures wrong as they don’t take into account someone who wants us or what we have.

All imo of course but look at lithium companies who have proven grade and are about to produce.

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If this ends up being a major discovery in grade and brine volume similar to or more than one of the largest brine resources in the world and makes the world news ,Trump will be talking about it and will want USA interests to be involved.
Trump loves to talk about all the business activity and new mining projects in the USA ,so if this ends up being market changing ,he will be commenting and potentially get involved by talking to USA companies about talking to ASN.
We should all be thankful that Trump is president and that he is pro business and mining ,and against over regulating the mining industry.

ASN Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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