Ann: 2017 ANNUAL REPORT, page-8

Yes, no point looking backwards, unless you enjoy living in the past and have no ambitions for the future. Everybody knows that AIS struggled last year with Cu at only US$2.20/lb for a good part of the year and the bears suggesting that Cu prices would go even lower.
Its a whole new ball game going forward, and if Cu stays at todays price or goes higher then AIS will be making huge profits. There is no doubt that AIS would have to be the most undervalued Cu miner on the ASX.

	Column 1	Column 2
0	Copper	October 16,05:19

	Column 1	Column 2	Column 3	Column 4
0	Bid/Ask	3.1810	-	3.1817
1	Change	+0.0780		+2.51%
2	Low/High	3.0906	-	3.2071

If Cu hits US$3.50/lb then the market will not only wake up from its slumber but investors will be stunned at the profits AIS will be making. How many ASX copper producers with a $8 million market cap can deliver 27,000 tonnes pa. At the current Cu price tonight the turnaround is more than $65 million.