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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