21kt @ $4.45/lb
Price $5.8/lb = $1.35/lb profit
46,297,075 lb = $62.5M profit
67koz @ $1600/oz
Price $2400/oz = $800/oz profit
$53.6M profit
Total Gross Profit = $116M
NPAT will obviously be less because of exploration, but I dont see the overall metrics having changed that much. The risk has always been prices dropping lower, but AIS has always been a leveraged play, with exploration growth potential.
This quarter hasnt been great for sure, but increase sea costs & COVID havent helped. I fully expect next quarter to improve again & hopefully we get some nice exploration outcomes in a backdrop of continued increases in commodity costs.
Decent buying on this weakness imo.
Ann: QUARTERLY ACTIVITIES REPORT - SEPTEMBER 2021, page-15
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Last
21.5¢ |
Change
-0.010(4.44%) |
Mkt cap ! $208.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.3¢ | $426.0K | 1.962M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1039579 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 87807 | 3 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| AIS (ASX) Chart |