what value the musongati reserve ?
Norilsk were prepared to pay about $6-7 bill for lionore.
i would assume that the musongati deposit is bigger than lionore and allowing for a discount of 50% for being in africa because it can be unstable at times.
this equates to $3 -$3.5 bill.
not a bad purchase for a company with reserves of $150 bill (@usd $40,000 per tonne) plus other mineral content.
AGY with 100mill shares on issue and this equates to $30 -- $35 per share.
i would like you comments.
the current shareholders are in a very strong position ( if they afford to hold) because the predators are out there but if there is no stock to sell , then guess what .
enjoy the ride and be patient.
seadog
"a fool and his money are easily parted"
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Mkt cap ! $189.5M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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14 | 854470 | 0.130 |
29 | 1334275 | 0.125 |
40 | 1144038 | 0.120 |
12 | 1267000 | 0.115 |
Price($) | Vol. | No. |
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0.140 | 403999 | 5 |
0.145 | 1557384 | 8 |
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0.155 | 476900 | 7 |
0.160 | 2220131 | 14 |
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