If there is one thing that management do well its the 'precision' they present in their announcements.
I had to giggle. How do you reliably say something is 46.87% complete????? I'm sure there is a way, but nonetheless, it made me giggle.
Still on track. Slowly but surely.
It's a big if, but, it looks to me that the company will be getting about $500 AUD/ ounce after mining costs. The question is what will be the admin cost???? I certainly hope the MD doesn't ask for a payrise!!!!!!!!
In anycase 35K oz's/ annum at $500 AUD net mining equates to about 17 million AUS/ annum. At PE of 1:1 that puts A1 at $0.10/ share and what are we at now? As risk erodes away and management start concentrating on getting the ore out of the ground I suspect the market will soon forget the shananigans of the past.
Oh that's right, we are still a few quid short. Hmmmmmmm.
GC
AAM Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
