I hear you Richie and one broker has a share target of 75c odd....

I hear you Richie and one broker has a share target of 75c odd. The only thing holding this back is cap expenditure/dev costs on H2 mines. The share price is priced for this to fail for whatever reason. Personally I think that a rail deal of some description will be done, even if it means a JV and the stock will be massively re rated. The mine lives are looking at 20 years - the likes of MGX have shorter mine lives from my understanding.

Having said the above, if the rail deal does not get done there is still value in these mines (ie takeover)which are valued at zero by brokers which makes no sense at all. I am sure a company like FMG would buy these assets even at half the value they were acquired for by AGO.

Watch this space over the next 3-6 months.