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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Mkt cap ! $141.2M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 14736 | 9.8¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 14736 | 0.098 |
3 | 98402 | 0.097 |
4 | 208211 | 0.096 |
10 | 356841 | 0.095 |
1 | 50000 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.099 | 18424 | 8 |
0.100 | 306820 | 7 |
0.105 | 504435 | 5 |
0.110 | 920091 | 9 |
0.115 | 129174 | 6 |
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