Great quarterly report to read. Detailed and clear for all to understand. We look very well positioned for the year and management sound like they agree.
With the copper concentrate market continuing to tighten due to a supply deficit we anticipate upward pressure on the copper price to build over the coming months. The refined copper market, which is currently well supplied and sets the price, tends to lag the concentrate market by 3 to 4 months. With no hedging and improving production, AIC Mines is well positioned to benefit from the expected upward momentum in the copper price. Similarly, spot treatment charges and refining charges (TC/RCs) are currently about 50% of the benchmark price auguring well for benchmark negotiations (AIC Mines sells concentrate at benchmark).
A1M Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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