A1M 1.87% 54.5¢ aic mines limited

Per above interview from around 9:50 mark, AC was saying the...

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    Per above interview from around 9:50 mark, AC was saying the production of last financial year was 10,559ton copper in concentrate (missed 12.5kt target due to trucking issues etc. and those issues are now behind them); this financial year's production target is still 12,500t and so far the production is already ahead of the target at halfway mark due to two best quarters in Sept 2023 and Dec 2023 (had tough Dec 2022 and Mar 2023 Quarters in last financial year):

    https://hotcopper.com.au/data/attachments/6064/6064169-3bf59573204df77f500132e51c2f4f97.jpg
    (from Half yearly Report)

    https://hotcopper.com.au/data/attachments/6064/6064172-65e65d0a6d4310999397bf2ff82d1084.jpg
    (from Final Report)

    If we use the above "Payable Copper production" as production guidances, then

    Last financial year:

    1st half 01/07/2022 - 31/12/2022 5,004 t (had tough Dec quarter per AC)
    2nd half 01/01/2023 - 30/06/2023 5,160 t (had tough Mar quarter per AC)
    (12 months total 10,164 t)

    This financial year:

    1st half 01/07/2023 - 31/12/2023 6,894 t (had best Sept and Dec quarters)
    2nd half 01/01/2024 - 30/06/2024 5,606t ??
    (12 months target 12,500 t)

    Would assume 5,606t of copper concentrate in the 2nd half (average 2,803 ton to produce in each quarter remaining) is quite achievable thinking the major (past) issues have been solved according to AC (plus they have lowered the "All-in Cost" by looking at above tables which is fantastic!); if the Cu price stays same or goes higher (quite possible from macro perspective ?), plus a good chance that the 2nd half production may (well) exceed 5,606 t, if so there is just no reason why one can't see a much higher sp in A1M than the current level considering the existing capital structure remained unchanged since after the DRM acquisition/dilution and the $30m Placement in early 2023 ?! Aimho, GLTAHs!





    Last edited by hkhf: 28/03/24
 
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