The copper price is going nuts today - it just hit US$4.475/lb, or ~A$15150 per tonne.
The gold price has just exceeded US$2400/oz (A$3780/oz)
From slide 7 of the April Investor Presentation, A1M has
"Combined Eloise and Jericho resources1 of 20.3Mt grading 2.1% Cu and 0.4g/t Au for 437,300t Cu and 305,400oz Au"
(...and growing as indicated by recent updates)
At current copper prices, we have in the ground copper worth a total of 437,300 x $15150 = A$6.625 billion
At current gold prices, we have in the ground gold worth a total of 305,400 x $3780 = A$1.15 billion
Total Copper + Gold value = A$7.775 billion
A1M looking damn cheap given these assets.
All IMHO, DYOR
The copper price is going nuts today - it just hit US$4.475/lb,...
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