AIS 3.03% 17.0¢ aeris resources limited

Some conservative figures.... This is just my 2c worth & no...

  1. 2,434 Posts.
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    Some conservative figures.... This is just my 2c worth & no financial advice, so DYOR..

    6000t CU at $3.40lbs  asic  ~ cu price $4.40lbs = $12mil cashflow or $48mil pa.
    20000oz AU at $1500 asic ~ au price $2500 =  $20mil cashflow or $80mil pa

    NPAT $128mil pa* ~ PE 1.4 versus a 180mil market cap (should be in net cash this quarter or middle of next quarter) with 2 producing assets & huge exploration upside.....

    * carrying tax losses from previous years, so company tax shouldn't apply..

    This is a steal at current price, I can see this trade at multiples of today's price with sniff of mine life extensions, I cant find a equivalent company with such figures trading at such low metrics which production is in Australia... If there is please let me know....
    Last edited by steven1459: 17/12/20
 
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