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best value fundamentaly in Pilgangoora, page-26

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savyinvestor1

160 Posts.

7

16/10/17

14:01

Post #: 27934017
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Originally posted by binwood ↑

All things considered. TAW project value at $300m, AJM around $500m and PLS at $1.25bn.

I think TAW should trade at least at 75% of AJM as they have 75% of the production, worse opex but no debt. I am not unhappy with the AJM/PLS ratio at the moment. It could swing either way depending on future news flow.

The important thing is I think all 3 are undervalued. People will take different approaches in whether they like concentrated holdings or a diversified approach. Personally if you see similar upside in 2 or 3 stocks I would rather hold all of them than 1 of them as it mitigates downside risk to a degree. Others prefer the leverage of a concentrated holding in a single company. Personal preference and risk strategies will determine the approach. Doesn't make any of them right or wrong.

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You forgot to mention the most undervalued of them all. EMH with only 120m shares on issue sitting on one of the largest deposits in the world on the border of Germany!!!!

AJM Price at posting: 29.0¢ Sentiment: Buy Disclosure: Not Held

PLS Price at posting: 84.3¢ Sentiment: Buy Disclosure: Held
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