premium lump fe is currently trading above $70 usd a tonne = 91.28 aud.
AGO last quarter averaged realised price for fe was $56 aud, and producing around 4 million tonnes that quarter, around 25 million profit.
AGO have stated they expect this quarter all in costs (C3) will be around $52 aud.
If this quarters average realised price is around $85 aud - $52 (C3) x 4 million production = $132 mill profit.
market cap is currently around 132 million. I would expect if AGO can deliver a $100 mill + profit this quarter then the share price should shunt negative sentiment and trade up near 3 to 6 x profit, 4.8c to 9.6c.
If the average price settles in around $100 aud then we could expect a possible market cap of billion +, or 10 x current share price.
All dependant on the fe price doing well of course.
Also I'm not a shareholder that was smashed by dilution and losses so I'm a bit more positive that a lot on here that rightly have very negative sentiment. Was in at .011.
71c4
AGO Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
