AGS 0.00% 17.5¢ alliance resources limited

Settlement/purchase options, page-521

  1. 1,233 Posts.
    lightbulb Created with Sketch. 6
    To relieve the boredom while we await some reporting on the trial, let's recap what our uranium stockpile is worth.

    As of 31st March, AGS's share of mined uranium was 491000 lbs.

    AGS's share of uranium for April-May should be about 90000 lbs (based on the 2015 program, which says about 2.1 million lbs more will be mined from April to December. I divided this into months and assume 20% goes to AGS).
    So current share of uranium is about 581000 lbs.

    If it's sold at mid-term prices of US$50/lb (seems to fit with what Quasar said about first sales), and at the current exchange rate of 0.77 that means it's worth $37.7 million, which, and gives AGS assets of about 9.5 cents per share.
 
watchlist Created with Sketch. Add AGS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.