ASN 0.00% 6.9¢ anson resources limited

Ann: Anson Achieves High Boron Recoveries, page-13

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  1. 1,066 Posts.
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    The high recovery of Bromine, Boron and Iodine, seems very promising, which put ASN on further step derisk position, as diversified minerals means low risk.

    I have done my roughly calculation of ASN value a couple of times, so just do it again for somebody new here,

    Bromine 2018 price is USD4, 800/ton, Iodine 2016 price is USD26, 500/ton, assume produce both 10,000 ton respectively, so,

    1. Bromine:
    4,800*10,000 = USD48,000,000/per year

    2. Iodine:
    26, 500*10,000 = USD265, 000,000/per year

    ASN has roughly 500,000,000 shares on issue.

    So, ASN earnings per share = 48,000, 000/500,000,000 =USD0.096( Bromine only).

    The mining company PE is around 10 times,

    So, ASN share price for Bromine only is USD0. 96, if costs are 50%, ASN SP for Bromine only after costs roughly worths USD0. 48.













 
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