A1M aic mines limited

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Hi mate, are you able to confirm where you have seen Lens 6...

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Mako4

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26/03/24

23:06

Post #: 73073077
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Originally posted by vandeleur: ↑

There's certainly plenty of 'things' out there that might affect the SP in the next month.

On the negative it could be a rain event (see 29m today, again!), seismic activity or a 10% retreat in the copper price. Also perhaps key man risk with AC although management does seem deeper than almost any other junior of this size.

On the positive the rainy season is pretty much over, the copper price seems to be solid.

For me the real kickers, ex Cu price, for the SP coming up will be;

1) Mine approval for Jericho and the commencement of the box cut. Finalizing the funding, if required.
2) The smashing of this quarters production target of 3,000 - 3,200t.....I think its likely to come out at 3,500 - 3,700.
3) ......The BIG one i think will be more commentary in the up coming quarterly about Lens 6. AC said recently he was seeing 10 - 12% Cu coming out of Lens 6. And he had previously stated that Lens 6 would represent 11% of ore for this quarter. The interesting bit will be how much he predicts will be coming from Lens 6 for next quarter. He said next quarter they would be fully mining Lens 6. If this next quarterly he states the 11% from this past quarter will become 20 - 30% going forward then the next quarterly prediction will almost certainly have a 4 in front of it.

So putting it out there a bit i think when we get this current quarterly AC will say for the June quarter we will mine 4,000 - 4,200t. And when he then next reports in July the actual result will have been 5,000t +.

This and mining approvals, funding, and box cut just about starting should give the SP a real kick...barring unforeseen and aforementioned events.

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Hi mate, are you able to confirm where you have seen Lens 6 grading of 10-12% Cu? I was under the impression that Lens 6 was around ~3% Cu. Happy to be corrected cheers

A1M Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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