I honestly believe there is plenty of catalysts for the sp to rise in short term … firstly compared to its peers it’s very cheap … not any other low market cap copper miners with cash, no debt and improving production.
A1M is a $200m company … they are planning a $60m financed mill expansion. HGO copper production is fast increasing inline with A1M ( a little less gold ) with further milling capacity already built in. Proven reserves and mine life is important thou but investors will see value here.
Other short term drivers of shareprice, Increased production this qtr above last .. expecting record monthly production in May or June or both. Increased realised copper price due to improved hedging metrics. Increased gold price ( minimal revenue but all helps ) Further improved mining and processing results. Potential drilling results. Momentum as Nugent expansion plan becomes nearer.
The May production update will be out in about 3 weeks.
HGO Price at posting:
3.8¢ Sentiment: None Disclosure: Held
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