The Tide is about to Turn, page-43

Thanks ftwind, appreciate you explaining your position.

I haven't been following either as long as you obviously (I also hold PLS) , so didn't see the Blast comment you're referring to. Was it really suggested that AJM can't even find another 10-15MT? That surprises me.

AJM needs to raise probably another 40m. But even if they are forced to raise at 15c. That is 45c equivalent on a 1:3 ratio with PLS and even higher if we are using your ratio - which means in that respect they have probably still done better than PLS.

On an EV ratio, (not MC) we are still currently trading at about 1:3.3 as of yesterday, with AJM jumping more today.

I totally agree on next doors throughput. I did say on currently available info. Market doesn't seem to be as forward looking as most of HC posters.

I guess we will find out how it all plays out over time. If AJM really struggle with drilling they could take DKO's tenements for an EV of less than $20m right now for some extra MT's