sharemarket casino, page-13

Just read a report from my broker, who are spruiking SIR.

What I found interesting was their attempt to place a value on their discovery.

$0.02 per lb base case
$0.06 per lb mid
$0.16 per lb upper

Using their metrics on AOH and using my bias for mid and upper case (mainly due to our resource size)

0.06 = $192,720,000 or $0.37 per share
0.16 = $513,920,000 or $0.98 per share

Their logic were based on peer averages.

Lets hope AC is pushing the upper end case...lol