serious comparison for agm holders to ponder, page-19

I looked over the results for MCR, and they look pretty good. Plenty of upside in CH, as it comes online. Debt free, and cashed up to gain more tenements and conduct drilling. Its paying a handy dividend too.

AGM will be like other nickle miners and stay on a steady 6-8 PE ratio, when they get thier mine running. However the difference in the two companies are AGM is loaded with debt, under funded to conduct further drilling (ie. lost 7 out of 30million)and dividend payout is unlikely for next 2 years; as they reduce debt and pay for drilling.

Projected EPS 10.7 for 2008(off comsec), apply PE of 8 gives a share target price of $0.85.