Why buy at 12c when you might get them cheaper?Seems to me that...

Why buy at 12c when you might get them cheaper?

Seems to me that the SP could hit 20 easily if the market knew that the predictions in the quarterly report were being met. 15c is easy. On 26Sep SP hit 16 after we got gold pour news and has drifted lower since, IMO because there has been no announcements.

I did a rough NPV on mine cashflow assuming 2100 oz/month at a cost of $800/oz selling at $1300/oz with a 5 year mine life and a 2% improvement every 3 months..

Costing 3 month periods using 12% discount rate, result was $55M. AAM with SP at 12c is worth $24M

They forecast is 2500oz at $700 which gives NPV > $70M

I'm no expert, so do your own research