Previous company forecasts put the concentrator financing sometime this quarter, so this is imminent. Recent price weakness suggests Mr Market has doubts on this. We shall have answers quite soon.
Cu prices look to have averaged say $US4.50lb across past months delivering good cash flow to A1M. That's more drill money for the many opportunities immediately before us or less financing cost for the new concentrator.
l gesture again at the change to the link drive to head East between Jolly and Matilda North that will bring Jericho into production earlier, scheduled for June 2026. AC will hop right into mining Matilda North - opening another production face, filling the existing concentrator to capacity and reducing the costs of lifting ore from Eloise Deeps.
Over time, I developed a rule-of-thumb that mine projects under construction are ignored by the market until less than 12 months from production, then gradually acknowledged as risks reduce. A re-rate may not happen tomorrow, but If A1M hits its marks, it can't be far off.
Ash
A1M Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
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