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5,378 Posts.
2
25/09/13
13:57
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Market cap is now $21mln at 4.5c for the merged entity, plus $12mln cash.
Relatively cheap compared to ABZ which only has bauxite resource of 116 million tonnes at 42% grade.
ABZ market cap is around $19mln.
And we have 202 million tonnes, 134.6mln of that is at grade of 53%.
Higher and bigger than ABZ, correct me if i'm wrong.
Plus we have coals and ABZ is short on cash i think.
Much better value than ABZ who also has Xinfa as its project partner i think.
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