GREY:ADEXF - Post by User
Post by
VENManon Jan 30, 2012 9:42am
204 Views
Post# 19464441
Valuation
Valuation Of the 132 million tonnes indicated all we want reflected on the share price is the value of 1.3 million tonnes thats all. The other 130 plus million tonnes indicated plus all the potential and inferred resources can go without value. Currently with a market cap of only $40 million the market is placing a value of only $30 per tonne Iron Ore on that 1.3 million tonnes used for a market cap valuation while Iron Ore trades at $100 per tonne more than that. I think the market has yet to correct this and AXI is therefore a strong buy in my books, unless of course you have a problem with buying at 25 cents and selling at near a buck.