RE:RE:New Shareholder
itwillgo1 wrote: Thats great Jay. I agree the potential is amazing. The company needs to get the word out. I am not sure why they don't piggyback on RR and SPEY news releases. Or even on C29 in Australia.
It would be nice to see positive assays on the Bright property, but the real pop will come from lithium plays. When RR and SPEY finish resource/reserve extimates then we can come up with a more eduated valuation for AIS.
I think the gold properties are meaningless and will eventually be sold off. They are interesting possibilities but are not core and their monetization could help pay for the forward movement of the lithium plays, and it was mentioned they were offered other prospects but they have too much on the go right now to concentrate on, but moving some might bring new projects in. Also the fact that developing the gold properties will be very expensive and time consuming likely several years before a hole is dug with who ever holds them.
I also expect at some point SPEY buy out AIS share of the main project, I'll go further and say I think SPEY will take out AIS as a whole at some point. Currently there is a funding issue and it's hard for a 9 mill cap to eat a 5 mill cap (likely + a premium) when there is no funding path to get a project to production yet, but this may change in the next few weeks/months.
I'n pretty sure there was an estimates on the SPEY project at just under 1billion in possible revenue over the few years life of the project (AIS's share would be just under 200mill based on 20%), it seems that project just needs to finalize construction funding which SPEY has trouble getting right now which is why they asked AIS to chip in thier 20% to get things moving.
I haven't done much looking at the RR project info yet and I know extreamly little about C29's interest other than both mentions in the latest release.
I'm in just based on the one project that I believe will be the quickest and largest potential... If they get the 20% bought out, the deal is worth more than the current value of the company, if it goes into production and achieves 25% of the revenue figure, than that alone is 10x the current value... + all the projects in the pocket.
You will never be able to come up with a legit valuation for this company, but it won't matter it's not going to be around 2-3-5 years out anyway... But I'm pretty positive we are going to see gains likely a few to several X where we currently are.