Why do you say Aeris is losing money ??
AIS is profitable even with the mining of the lower grade ore and disruptions.
AIS is spending a lot this year especially on exploration at both Cracow and Tritton (~ $27 million total - to decrease in future years, prob to about half of this amount) . Growth is everything and with newer geophysics and a good exploration team- fresh prospective areas are identified at Cracow to be studied further & drilled.
Constellation has been a wonderful find
Exploration is both brown and greenfields by AIS.
AIS - developing Budgerigar & the other Tritton resources - new open pit and further underground mining to come.
So higher grade ore and greater production will be added to the Tritton mill- with notably higher grade of copper , and more gold as well.
Cracow is going well and paying literally for all exploration and a lot of development as well !
Ann: QUARTERLY ACTIVITIES REPORT - DECEMBER 2021, page-30
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $212.8M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 22.0¢ | $57.29K | 257.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 71385 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 395658 | 9 |
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| Last trade - 10.16am 17/10/2024 (20 minute delay) ? |
| AIS (ASX) Chart |