If you assume a profit of approx $400 AUD per ounce which is quite conservative, then this stock is very undervalued at the current market cap considering:
- a non-Jorc resource of 44,000 - extension drilling incl. 19m @ 10.87 g/t - The EM survey SFR released and VTEM results pending for potential cooper/gold targets - approx 170 Air core drilling results pending in the Hermes project
We have great geologists and a very prospective area.
I would have thought the market will make this the bottom somewhere here.
ALY Price at posting:
62.9¢ Sentiment: LT Buy Disclosure: Held
