GREY:AFRIF - Post by User
Post by
LTGoldBullon Apr 08, 2013 9:54am
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Post# 21224866
Quarter Cent a Tonne
Quarter Cent a Tonne Cash Value is 57p? Anyways, some valuation facts on AFF. A Buyer of Afferro would be getting the Iron Ore assets less the cash position for...
1,000 tonnes Iron Ore for less than a us dollar?
Afferro at 60p
MCap C$94.54m, GBX 63m (60p)
Cash C$89m, GBX 59m (57p)
Shares in play 105m
Assets 2.2 BT's Iron Ore, Iron Ore Spot Price us$139.92/dmt
Actually, the valuation currently assigned is $2.51 per 1000 tonnes.
25 cents per 100 tonnes,
2.5 cents per 10 tonnes, and
0.25 cents per 1 tonne of Iron Ore.
Wasn't the Junior Avg Price per Tonne like us$0.30, 30 cents/tonne?
Must be a Value Play now, at 1/4 cent per tonne?
Have a Good Week, Cheers, Mark