Now that Altona are on the verge of production in Finland,lets look at their future in the short to medium term-----assuming profits from Finland are around $30-35 million ---with only 518 million shares on issue,that becomes around 6 cents per share profit----thats a P/E ratio of 3.6 --at todays price of 0.215----even with a P/E of 8 the share price should be 48 cents based on Finland alone--then there is the unknown value of the ni/co that will be stockpiled for a few years until they can put that to use(reportedly 50 million /annum )Roseby---in the ground at todays values is more than 12 Billion dollars in cu /au alone--not counting the zinc and other materials that will come out with it---what value would a mining company put on that?All in all to me the share price is not reflecting in any way the true value of this company-----not even close---imo
AOH Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
