Sorry, starting price should have been that of 2015, which was 3.8 cents. Might be worth revisiting this concept again, that AGO's SP should be going up 1 cent for every $1 rise in the Iron Ore price. At the time this article was written, Iron Ore was about US$51 They had 2.7 Billion Shares (Now 9 Billion) Taking this into consideration 9 B / 2.7 B = 3.33
$83.6 - $51=$32.6
$1 increase in Iron ore =32.6 x 1/3.33 = 10.8 cents
10.8 added to current share price of 3.8 cents = 14.6 cents
May not be the most accurate way of calculating the Share Price, but it does show that AGO is under valued.
AGO Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
