GREY:ADEXF - Post by User
Comment by
Greenandgold.on Jan 30, 2012 10:58am
133 Views
Post# 19464850
Venman 1% analysis
Venman 1% analysis "With AXI we all know they have 132 million tonnes Indicated, in the ground and that iron ore is at $130 per tonne. We know for a fact that $17 Billion is in the ground. So all we shareholders of AXI have to do is sit and wait for the market to give us a reasonable valuation for the $17 Billion we know is in the ground. What’s a reasonable valuation? For me a reasonable expectation of value is 1% of the value in the ground as a market cap for AXI. Therefore AXI should at this point have a valuation of $170 million or about a buck a share."
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Under the same analysis, Adriana Resources is worth $1.9 billion. Their current market cap is only $147 million.
[4.85 billion tonnes (M&I)) x 29% iron = 1.4 billion tonnes of contained iron. Multiply 1.4 billion X $130 per tonne X 1% = $1.8 billion.]