Not quite sure of exact levels but this quarter at current copper prices is going to be quite a cash surplus even at lower production levels. They have quite a bit of cash in the bank at the end of last quarter and i think are somewhat undervalued at current earnings. Fully diluted I think 90 million (10 cents per share) for a company that is now most likely returning $45 - $50 million in free cash flow (annualised assuming $2.70 lb @ US .77 exchange rate and 26,000 tpa production with AISC's of $2.6 lb AU).
Upside is also strong with Murrawombie ramping up and further gains through expected foreign exchange rates. Also copper is forecast to reach US$7000 tonne in the near future so plenty of scope.
All the best to those who hold AIS and lets hope today is a sign of things to come!!!
copper price forming nicely!!, page-5
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $208.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.3¢ | $337.7K | 1.560M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 522961 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 571930 | 20 |
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| Last trade - 14.27pm 19/07/2024 (20 minute delay) ? |
| AIS (ASX) Chart |