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306 Posts.
131
02/07/20
12:28
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Current spot gold prices hovering just under $AU 2,600/oz.
Based on the previous scoping study cash flow model, the Weednanna gold project has an NPV8% of ~$AUD 53M.
The current market cap of AGS sitting at $AUD 30M.
With 178.3m shares on issue gives an indicative SP target of ~30cps (+75% from current prices).
Someone has been slowly nibbling away at the sell side the past few days.
Very little free float available outside of the Top20 shareholders.
Good luck to all the patient holders
