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1.0¢ aston minerals limited

Ann: Shallow infill program confirms sulphide mineralisation, page-11

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Chocolate9

310 Posts.

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19/12/23

21:45

Post #: 71536349
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Originally posted by michaelhaley: ↑

The decrease in Nickel price has certainly had its affect on Nickel stocks, in Astons case, the decrease in share price is nothing to do with company performance but overall market sentiment.

The high cost producers like Panoramic are not a able to survive cycles, they are about timing the market and producing during a Bull cycle.

Large scale, open pit mines like Astons are multi decade and with scale comes low cost. Once in production Aston will be able to thrive in the bull markets and survive the bear markets. That’s the key.

Aston will be less than $5/lb costs compared to Panoramic who was a remote, deep underground mine with high costs of $17.64/lb who also experienced a major failure and had a shutdown.

Aston are not in production yet, the Nickel price doesn’t have any affect on the project just sentiment and share price short term. Aston have enough cash to ride the storm and survive the short term negative sentiment. The plan remains the same and the team are continuing to achieve goals towards production.

Patience is the key IMO

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Thank you for the explanation, it makes me feel bit more comfortable,

ASO Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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