9 billion shares isn't really important is it if you are chasing share price increase? wouldn't it be better to look at market cap and work out potential increases in MC base on profit minus debt?
MC currently 125 mill. Earnings could potentially go to 250 mill with increase in the fe price, whats the potential MC for a company that's paid off debt and has profit of 100 to 250 mill?
MC 250 mill = 2.8c share price
MC 500 mill = 5.6c
MC 1000 mill = 11.2c
Mine closure doesnt look to be too big of a risk with plenty of earnings, fe keeps going up AGO should have plenty of cash to close and start up new mines, and I would be surprised if the resource isn't increased at the current mines for a few years.
The doom looks to be over with the increase in fe price, is it time to embrace the rainbows at AGO and make a couple 0f bucks.
71c4
AGO Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
