AJQ 3.13% 3.1¢ armour energy limited

Ann: Myall Creek Well 5A Spudded, page-20

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  1. 1,261 Posts.
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    Point taken however it takes money to build a company and that's what AJQ's doing in a very rapid manner. I think $20mm/y income is not a bad effort for what was a pure exploration company  a couple of years ago. The true wealth of a mining enterprise is to prove up its' assets I.E. NQ, NT and Africa . A mining company cannot be valued in a similar manner to a fish and chip shop, for instance check out the debt burden build by Gina and the debts carried by BHP & Rio as they value build. It's how the industry works. 
 
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Currently unlisted public company.

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