I love how you just used a lot of your own numbers to justify what you wanted to say. I can do that too the other way though but what would be the point?
What is really funny is that if your annual output of 160-180ktpa (lets use 172.5 as its the middle point) was true then AJM would still make AU$81 million using USD/AUD = 0.75 with a spod price of US$750 which equates to 4.5c EPS. How would that ever equal 25c takeover? More like 45c given the other upsides of the company. That would be worst case scenario
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Let’s talk takeovers and output, shall we?, page-3
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