techies have a look, page-25

re: techies have a look .. for ytrium

no I dont, but at current prices at 50mill earnings thats a p/e of 11. $50mill shouldnt be a problem after capital rectification.

On best case sceanario, at 100mill earnings that a p/e of only 5.5.

So it all depends on where you see ANLs earnings after capital rectification. If one thinks $100m is reasonable then it is heavily undervalued.

Got to remember that essentially ANL is debt free once you factor in next claim. Interest is a big monkey off its back.

Pumping through high grade can occur for many years to come. By then a war chest is available to make any strategic decision.