The Constellation find is a triple banger for shareholders. Firstly it seems that with such good grades we will be able to prove up a significant resource and its copper which will be hot for years to come.
Secondly the hits are at such shallow depths that the possibility of an open pit mine, rather than underground, is delicious because that means really low capex and mining costs.
And thirdly AIS is already producing so to have a new mine near existing production means low capex again.
Early investors (and I am not one of them) may get a second chance of AIS being a multiple bagger again starting from the current SP of just 18.0 cents.
GLTAH and of course DYOR
Ann: HIGH GRADE COPPER ASSAYS CONTINUE AT CONSTELLATION, page-11
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $217.6M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $284.8K | 1.282M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7999 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 432005 | 6 |
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| AIS (ASX) Chart |