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