AAM aumega metals ltd
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Ann: Alpha Mining Approval , page-2

  1. splitupalip
    1,289 Posts.
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    15/02/11
    13:30
    Post #: 7893637
    Glad to see they got the licence approved, well done A1.

    I reckon the most important thing to watch is the 'CURRENT mining schedule' shows 80kt @ 4g/t ~ 10,290ozs. The CURRENT reserve is 74.2kt @ 5.1g/t ~ 11,560ozs.

    Therefore we are talking about a slightly higher tonnage but >20% lower grade expected from this reserve... the word conservative comes to mind... so does 're-estimate'

    anyway, the market liked it, nice volume - so i guess it's all upwards from here!

    G.L.
    Split

    AAM Price at posting: 7.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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