AGY 5.00% 8.4¢ argosy minerals limited

what value agy.

  1. 552 Posts.
    lightbulb Created with Sketch. 31
    what value the musongati reserve ?

    Norilsk were prepared to pay about $6-7 bill for lionore.

    i would assume that the musongati deposit is bigger than lionore and allowing for a discount of 50% for being in africa because it can be unstable at times.
    this equates to $3 -$3.5 bill.
    not a bad purchase for a company with reserves of $150 bill (@usd $40,000 per tonne) plus other mineral content.
    AGY with 100mill shares on issue and this equates to $30 -- $35 per share.

    i would like you comments.
    the current shareholders are in a very strong position ( if they afford to hold) because the predators are out there but if there is no stock to sell , then guess what .
    enjoy the ride and be patient.

    seadog
    "a fool and his money are easily parted"
 
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