A1M 2.38% 41.0¢ aic mines limited

Ann: Significant Increase in Jericho Ore Reserve, page-22

  1. 1,595 Posts.
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    I think it is in a unique position:

    1. A low MC.
    2. Production. Many at this level are just explorers.
    3. A growing and open resource.
    4. A tier 1 jurisdiction.
    5. Funded from income for exploration.
    6. A management team that has expertise in exploration and production. Many don't.
    7. A fairly unloved commodity in terms of price, but with good demand from purchasers.

    IMO it is substantially undervalued at current levels, by multiples rather than just a bit. Such disconnects tend to not last forever, tending to re-pricing or takeovers.

    GLTA.
 
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