Mitsui Japan paid ~A$33/lb for their share in Honeymoon late last year. B4M is a much bigger deposit with better grades, infrastructure benefits etc etc u all know the story. East and West should contain + 60 mlbs of U of which +15 mlbs is AGS's share. 32 million is already jorc. 15m X usd23/lb or aud33/lb gives us AUD495 million. Throw in the gold assets, cash on hand and the steak knives and an even AUD550 million is the magic number. 550/273m shares =
$2.01 per share
AGS Price at posting:
55.9¢ Sentiment: Buy Disclosure: Held