Sp is Ugly isnt it, but once sentiment changes this should fly as gold prices are holding in $A ,and now brightstar is running close to full availability.
Also I wouldnt be surprised given the tenor of the laterites that within 18 months there will be a CIC plant in operation for low grade ore that should give a fast payback time on CAPEX, as I doubt they have taken on those extra geos just for grade control.
The numbers look good now on my rough calculations $8M in revenue from September quarter on should cover all costs including exploration and some development , hopefully this quarter will be break even or better.
Be good if they had keith Goode of Eagle research do a broker report so some of us less informed posters new the true value of the company.
Anyway got to get back to work
AAM Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
