If you want to make a comparison with FMG share price i.e. demonstrate that AGO undervalued, then you have multiply by 2.89. Essentially you are just comparing MC. Think about it. If you drop the number of shares (divide by 2.89) then the share price will increase (multiply by 2.89) to keep MC the same...
It's good to have perspective and thanks for getting some numbers together but the argument is fundamentally flawed. I'm no expert in stocks but I can see from basic maths principles that your argument isn't correct.
However, 11c is probably a realistic target price if iron ore price at current levels. Bullish on this stock and have been in since the June quarterly came out. Good luck
- Forums
- ASX - By Stock
- Valuation comparison !!!
If you want to make a comparison with FMG share price i.e....
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares