AIS 8.33% 19.5¢ aeris resources limited

Ann: QUARTERLY ACTIVITIES REPORT - SEPTEMBER 2021, page-15

  1. 1,417 Posts.
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    21kt @ $4.45/lb
    Price $5.8/lb = $1.35/lb profit
    46,297,075 lb = $62.5M profit

    67koz @ $1600/oz
    Price $2400/oz = $800/oz profit
    $53.6M profit

    Total Gross Profit = $116M

    NPAT will obviously be less because of exploration, but I dont see the overall metrics having changed that much. The risk has always been prices dropping lower, but AIS has always been a leveraged play, with exploration growth potential.

    This quarter hasnt been great for sure, but increase sea costs & COVID havent helped. I fully expect next quarter to improve again & hopefully we get some nice exploration outcomes in a backdrop of continued increases in commodity costs.

    Decent buying on this weakness imo.
 
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Mkt cap ! $188.6M
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No. Vol. Price($)
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