Then get this: Let This Talk for its self.. 150,000 ounces reserves 1,550,000 ounces resources
Own CIL plant - 300kt/ annum ore. expected to produce 30,000 ounces/ annum. CIL upgrade to produce 75,000 ounces/ annum already scoped and compatible with existing plant for estimated $10 million cost.
No hedging
debt = 2 million (hire purchase car fleet and electrical generator)
Plenty of exploration ground near plant (500 sq km) \Plenty more exploration ground to the south (2000 sq km). Much of this ground is not too fr from TROPICANA
198,000,000 shares on issue
Current cost of cost/ ounce is estimated at about $45, this being a valuation consistent with an EXPLORER. A typical ASX producer has a ounce cash cost of approximately $100. This means AAM has gone into production with a low cash cost and thus can expect re-rating once it has been accepted amongst the 'producer' ranks. That was from the thread DYOR.. Cheers Pete..
