AABB GOLD STOCK EXCEPTIONALLY
UNDERVALUED AND POISED FOR SHARP REVALUATION
September 6, 2019 -- InvestorsHub NewsWire -- via BioResearch
Alert
Sep. 5, 2019 8:59 PM ET|About: Asia Broadband, Inc. (AABB), Includes: AXU, GPL, HMY, SAND
Asia Metals, a wholly owned
subsidiary of Asia Broadband, Inc. (AABB:
OTC) is an outstanding and highly undervalued candidate in the
hot gold mining sector. AABB has already begun or accomplished
every single bullet listed above and is expected to announce
further news throughout 2019 and beyond that will likely impact the
share price dramatically.
Readers are encouraged to click on
the links in the bullets above.
Management recently announced that there will
soon be an update of existing gold mine activity and on that
acquisition pipeline.
Asia Broadband Inc. (AABB),
through its wholly owned subsidiary Asia Metals Inc. plans to
publish a management update next week on Thursday, September 5,
2019. The update will include on the latest developments with the
company's high-density, shallow goldmine in Guerrero, Mexico and on
the company's recently announced gold
mine acquisition campaign targeting properties that have historic
gold production in South America, Central America and
Mexico.
The company recently reported $2.75
million in 2019 YTD gross profits from its overall operations and
the update next week will include further details on the company's
previously disclosed $5 million gross profit target for year-end
2019. Learn more about ongoing operations, the Guerrero gold mine,
and the new gold mine acquisition campaign next week in the
management update.
Asia Broadband Inc. (AABB),
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.
Market
Comps
Emerging MicroCaps reviewed 4
comparable junior gold mining stocks and concluded that AABB is
highly undervalued and unrecognized. Given the current run rate of
about $5 million per year in sales, the following table concludes
that AABB shares would be selling at about 25.78 times sales, or
about $128 million. With a total outstanding of 402 million shares,
that translates to a fair market price of $.32 per
share.
Company Symbol Price/Sales
Ratio
Alexco Resource Corp. AXU: NYSE
14.65
Great Panther Mining Limited GPL:
NYSE 4.13
Harmony Gold Mining Company Ltd.
HMY: NYSE 70
Sandstrom Gold Ltd. SAND: NYSE
14.34
Total 103.12
Average Price to Sales Ratio 103.12
divided by 4 = 25.78
Asia Broadband, Inc.
2019 sales $5,000,000
P/S ratio of 25.78 = Mkt Cap -
$128,900,000
$128,900,000 divided by 402 million
shares equals $.32 per share
CURRENT
FINANCIALS
Conclusion:
AABB is already over half way to
the $5 million in sales as of June 30, 2019 and management is
forecasting that they will beat $5 million.
When sales of $5 million are
reported, expect investors to take notice that will value shares
closer to current market comparison values.
Emerging MicroCaps places AABB
12-month target at $.32 per share.
Legal
Disclosure:
Except for the historical
information presented herein, matters discussed in this release
contain forward-looking statements that are subject to certain
risks and uncertainties that could cause actual results to differ
materially from any future results, performance or achievements
expressed or implied by such statements. Emerging MicroCaps or
BioResearchAlert or its principals may have been compensated for
its services. The Information contains forward-looking statements,
i.e. statements or discussions that constitute predictions,
expectations, beliefs, plans, estimates, or projections as
indicated by such words as ''expects,'' ''will,'' ''anticipates,''
and ''estimates''; therefore, you should proceed with extreme
caution in relying upon such statements and conduct a full
investigation of the Information and the Profiled Issuer as well as
any such forward-looking statements.
Disclosure: I/we have no
positions in any stocks mentioned, and no plans to initiate any
positions within the next 72 hours.
Original Article Published On Seeking Alpha:
https://seekingalpha.com/instablog/21922151-bioresearch-alert/5348322-aabb-gold-stock-exceptionally-undervalued-poised-sharp-revaluation
Source: BioResearch Alert
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