If it is a deal with RIO for say 2Mt per annum then we would have to weigh this up with IOH as a yard stick to where AQD should settle...
IOH $85M mcap (~170M@50c fully diluted), 1.5Mt io to RIO per annum, 8.5Mt resource.
Let's assume that AQD will deliver 2Mt per annum seeing they have a resource of 37Mt (lower grade but far larger resource)...an extra 0.5Mt io delivery plus longer mine life will give AQD a premium - this is all rough and doesn't include any other assets of either company.
AQD price comparison to IOH: mcap $100M or 40c (~250M@40c fully diluted).
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.439M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $10.34K | 1.168M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1894673 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2657952 | 4 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| AQD (ASX) Chart |