$AABB thank you $0.09 target projection by goldman & [Our 12-month target is $0.24.]
re;
OLDMAN TARGETS 4,000% GAIN FOR AABB – ASIA (GOLD) METALS
$34 million capital commitment with $20 million still available for draw.
Continuing High-Grade, Rich-Vein Gold finds.
2019 Gross Profit forecast to exceed $6.5 million.
Current $1.4 million market cap with 2019 gross profit expected to exceed $6.5 million.
2020 gross profit forecast to exceed $20 million.
Goldman Report targets share price at $.09 from current $.0023
Potential +4,000% gain.
Asia Broadband Inc. (AABB: OTC), through its wholly owned subsidiary Asia Metals Inc.,
is a resource company focused on the production,
supply and sale of precious and base metals,
primarily to Asian markets.
The Company utilizes its specific
geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Guerrero, Mexico, to our client sales networks in Asia.
This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.
Unlike many other junior gold miners, Asia Metals has plenty of cash to support acquisitions and operations.
The Company seems to have the Midas touch as supported by previously
and ongoing announced gold-rich assays and a major acquisition is expected to be announced this month.
Goldman analysts put AABB under the microscope and concluded the
share price was exceptionally undervalued.
Goldman’s 2020 price target of $.09 would yield about a 4,000% return from today’s price of $.0023 per share.
Some highlights from the Goldman Report are:
Leveraging its unique vertical integration, an active joint venture partner and a targeted approach,
AABB is poised to emerge as one of the industry’s fastest growing
junior resource companies in the coming months.
AABB generates meaningful revenue and will grow both organically and through acquisitions.
Management seeks to replicate its current model in its targeted geography and is on pace to close two new acquisitions before year-end.
With an emphasis on shallow mines with a history of production
and known vein structures, AABB is well-positioned to expand its footprint in Mexico and South America.
AABB enjoys a huge advantage as compared with its peers.
Through its JV partner, the Company has direct access to sales
networks in Asia where it sells physical supply to accommodate
a strong appetite for its product,
thus generating major gross profit (revenue).
Management is forecasting $6M in gross profit in 2019 and
we could see a 4x – 5x rise in 2020, although we currently
forecast $20M for next year.
Plus, AABB boasts extremely high operating and net profit margins in addition to having a high cash/low debt position.
Based on our peer analysis, the stock trades at an absurdly low valuation.
We project that the stock will trade to the $0.09 level in the next 4-6 months, which would match the current 6.7x trailing 12-month revenue metric afforded its peers.
Our 12-month target is $0.24.
Most recent assays
The company announced further results of the Phase II Drill Program being conducted in close proximity to the Company's mine in Guerrero, Mexico.
The third drilling stage of the Phase II Program was completed in January 2020 on the Company's concessions in the La Coloradas area
and consisted of 11 holes to an average depth of 468 meters (M) and 5,148 (M) in total were drilled. The focal point of the results were high grade gold mineralization intersections in multiple drill holes.
The most prominent gold value intersections were 4.1 meters (M) graded at 13.2 grams per ton (g/t), 4.9 meters (M) graded at 12.0 grams per ton (g/t) and 5.9 meters (M) graded at 10.8 grams per ton (g/t).
Asia Metals Inc. - Phase II Drilling Program Data Feb. 2020
* Please note that the IR in data table above represents an Insignificant Result
As the Company continues accelerating its mining operations expansion activities in 2020,
the $4M Phase II Exploration and Development Program is ongoing and
the fourth stage drill results are anticipated to be available late
in the first quarter.
The 20,000 (M) drilling campaign is targeting areas in extended proximity to the Company's mine in Guerrero, Mexico, to further delineate the known historical and new gold vein structures.
Conclusion
With a low price of $.0023 and market cap of about $1.4 million
and 2019 forecast for $6.5 million in gross profit,
AABB appears highly undervalued.
2020 sales projections of $20 million and a price to sales ratio of
5 to 1 would suggest a market cap of closer to $100 million by the end of 2020. After running the numbers,
[[[[[the price target of $.09 by Goldman is reasonable and could even be on the conservative side.
With performance and value like this, and with exceptionally undervalued shares, it seems likely that AABB shares are soon to be discover]]]]]
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