I think they could make it to 15-30 cents range pre-production, it depend premier plays in the sector always run at higher values look at PLS, if you have a look at their feasibility study it's not looking to make any more money then alot of companies in the same sector who have caps 5-10 times lower than them.
All PLS has is abit more supply, but an issue for 15 years down the track. For the first 15 years of production they will be neck and neck profit wise, so why is PLS valued 5 times higher than others, it's that premier player premium.
AZS are going to be the highest grade with the most ounces on the asx, it's going to slowly become the go to play for all silver buffs, that will attract a premium, I wouldn't be surprised to see us get up to some very high numbers pre-production aslong as we hit with the drill it will grow.
SMI Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
