Hi guys,Even with lower Nickel prices AGM will still be a...

Hi guys,

Even with lower Nickel prices AGM will still be a winner.
As I have been saying before AGM is ahead of most would be Nickel miners because it will be in production before the year is out.

The production costs will be relative low and the upside of exploration are excellent.

Even with the lower prices of Nickel , once they decide to stay with us, AGM will be printing money.

Just look at some figures.
First line is Nickel price
Second line is EPS
Third line is PER of 6


$15 / $16 /$17 / $18 / $19 /$20
$0.30/$0.325/$0.349/$0.373/$0.39/$0.42
$1.81 /$1.95 /$2.09 / $2.24/ $2.38/$2.52

I hope this will come out ok, once I post it.

But as you can see still heaps of upside in the share price as we come closer to production and even at a low of US$15/lb the attached share price could be easy A$1.81 as it stands today.

With more exploration and higher production we can only get an even better share price.

So lets hope they keep drilling and finding more Nickel and not just traveling the world telling the good story to all who care to listen.

good luck to all

jojo