joint venture 30%, page-8

Red-frog,

Some good points.

Last cash report AGU had ~A$3M, minus exploration spend of A$0.55M (for all of 2009) is A$2.5M.

185M shares @ 3.5c ~A$6.5M or EV of A$4M.

Yes PDY will trade at a premium due to other projects and larger interest however they have not put on 400% in one month because of their interest in anything but Peak Hill. The PDY qtr report only contained details of peak hill as that is all they have going atm, and they have just A$1M cash.

So AGU have the same asset that is moving the PDY sp with more cash??

Not possible to compare YRR with PDY/AGU value until there is some more understanding of Peak hill.