RE: I feel another……3 Oct 2023 07:18
Anglesey Mining is a mineral exploration company. I have followed it since the 1980's and that's certainly what it has being doing since then. As for the 300 year old iron mine in Sweden, what has ago got to do with it, it was last.in operation just some 40 years ago and has significant resources, including an iron ore that is open at depth, Apatite which was previously just dumped as waste and now is in high demand. The green economy is fueling demand for high grade iron ore for arc and hydrogen furnaces and the move from hydrocarbon based fertilizer is increasing the demand and adding value to Apatite and other fertilizer minerals.And the same for REE. In my opinion hese huge Apatite iron deposits are not going to stay in the ground for much longer particularly in Sweden which needs to cash in these resources to improve it's economy. Obviously like any mine startup economics have to be proven, but it's a heck of a lot easier in a historic mining area with its known geology, decades of exploration and academic research, along with environmental impacts from previous workings that can only be improved with regeneration. Good luck with your .5p target, that would give AYM a market cap of less than £3m would their freehold land not be worth more than that? Let alone all the minerals within that land. Plus everything else they own and you really think the SP will hit 0.5p ? In my opinion, dyor, the only event which would cause such a drop would be a tree shake to activate all the stop losses before a massive rise, but that concept is as crazy as your 0.5p prediction.