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A1M: General Comments, page-363

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deco19

2,907 Posts.

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21/03/24

19:17

Post #: 73001420
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Originally posted by vandeleur: ↑

Interesting how the AC commentary has gone from 20,000t last March to more than 20,000t last May to 30,000t last week at the presentation.

AISC last qtr was AUD $4.84lb. Copper is now roughly AUD $6.20lb. Last qtr the AIC average realised copper price AUD $5.48. In very simple terms our margin has more than doubled with the increased copper price.

Now say the copper price goes to AUD $7. ie around USD $4.60. 12,500t X 1,000 = 12,500,000 kgs of copper. That x 2.2 = 27,500,000lbs of copper.

At AUD $7 per lb and current AISC of AUD $4.84 then the net margin would be roughly $2 x 27,500,000. Makes roughly $50,000,000 a year profit.

My point is that if the copper price goes roughly 15% from here then we aren't going to need very much, if any, debt funding at all over the proposed and highlighted 2 year period.

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And likely get Jericho developed at a much faster rate. I'd be interested to see what an optimistic timeline might look like.

A1M Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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Last 33.0¢		Change -0.020(5.71%)		Mkt cap ! $189.9M

Open	High	Low	Value	Volume
34.5¢	34.5¢	33.0¢	$410.0K	1.213M

Buyers (Bids)

No.	Vol.	Price($)
2	32753	33.0¢

Sellers (Offers)

Price($)	Vol.	No.
33.5¢	103997	6

View Market Depth

No.	Vol.	Price($)
3	52543	0.330
13	89583	0.325
12	139045	0.320
8	64580	0.315
9	92692	0.310

Price($)	Vol.	No.
0.335	18584	4
0.340	38515	8
0.345	63231	7
0.350	52615	8
0.355	27001	4

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