SISYPHUS- if AGS can legally mine their 25% then begs the question what are they waiting for I am however aware that the Itochu "strategic alliance" announcement mentioned that they would enter into a binding agreement /JV only when the legal stuff with Q/H is resolved - So that isn't going to work for us unless they decide to proceed regardless of the legal ramifications with the 75% JV- Im not uo to play so purely speculating at this stage
Lets assume AGS own 20 mlb(25%) U 308 at 4 mile @ a cost of $35 all up (including depreciation/amortization/tax etc...) then at annual production of 3 /mlb give us some good numbers if we assume $65 sell (l/t contract prices)
3 million x $30 NPAT=90 MILLION PER ANNUM
90 M /400 MILLION SHARES =22.5C EPS X P.E Multiple 10 =$2.25 c per share
Now thats pretty exciting
MMM
AGS Price at posting:
20.5¢ Sentiment: LT Buy Disclosure: Held
