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 -- $35 per share.
i would like you comments.
the current shareholders are in a very strong position ( if they afford to hold) because the predators are out there but if there is no stock to sell , then guess what .
enjoy the ride and be patient.
seadog
"a fool and his money are easily parted"
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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2 | 22447 | 8.8¢ |
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Price($) | Vol. | No. |
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9.0¢ | 236386 | 2 |
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No. | Vol. | Price($) |
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2 | 22447 | 0.088 |
4 | 938231 | 0.087 |
8 | 195113 | 0.086 |
11 | 100727 | 0.085 |
6 | 294933 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 236386 | 2 |
0.092 | 46700 | 2 |
0.093 | 80712 | 2 |
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0.095 | 101130 | 2 |
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