resource lb valuation, page-22

>You can look at Ext, Pdn Bmn and lots of others in North America and the sums paid in WA for inferred resource to see that cash flow in the foreseeable future has little to do with it


Seneca,

Yes however we are only talking about 15.25 mlbs for AGS's share of the recent resource upgrade.

If we were talking about 250+mlbs that EXT should have or 200mlbs+ that BMN should have then that's a different story.

The one good thing about AGS is that it should be a near term producer and that alone should underpinn the share price.