Thanks Wozza, Can you confirm that I am looking at the right information? The most recent announcement from the AQA AGM indicates that the West Pilbara Iron Ore project DFS is due for completion by the end of 2011 and the final EPA approval due Q2 2012. If it is all to go ahead then we should know by Q2 2012.
If you are correct in your valuation then we could see a sp increase of almost 10 times over the next 6 months? This would make CUL one of the most undervalued shares on the market. The risk I suppose is the likelihood of the project progressing...
value of iron ore, page-6
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Last
0.5¢ |
Change
-0.003(37.5%) |
Mkt cap ! $2.850M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.5¢ | $34.58K | 5.599M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4736798 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 11589802 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| CUL (ASX) Chart |