Not necessarily claiming to be wise...look at my name...but according to AIC's last Quarterly Report (Oct 20) it's AISC was A$ 5.35/lb Cu and an AIC cost of $6.93. It's Eloise orebody is an eye watering 1.5km underground, and accessible only by a tortuously long decline.
Perhaps this raises the question is it / or can it, run at a profit with current Cu prices?
Achieved Cu price for the Quarter was A$5.17 ($5.30 previous quarter).
Meanwhile it's cash balance these last three quarters have been trending down - $34m, $28m, $22m. From nowhere, it now needs to pay a new Qld state govt bond of $9.5m!
It desperately needs to close a deal with the adjacent DRM 'Jericho' Cu deposit to gain a shallow ore resource.
To me, DRM looks the better side of the see-saw to play this.
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32.5¢ |
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Mkt cap ! $233.5M |
Open | High | Low | Value | Volume |
33.5¢ | 33.5¢ | 32.0¢ | $534.8K | 1.648M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11499 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 28901 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11499 | 0.325 |
6 | 329410 | 0.320 |
8 | 616504 | 0.315 |
13 | 166374 | 0.310 |
7 | 291765 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 28901 | 2 |
0.335 | 82997 | 3 |
0.340 | 229413 | 5 |
0.345 | 149166 | 6 |
0.350 | 208093 | 8 |
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