A1M is definitely one you'd consider left behind but I don't think it will be for much longer - based on market multiples alone it is clear the company is undervalued - which is yet to reflect the significant increases in resources and the success yet to come from the Jericho site.
we will need to see the next two quarters of sales, where they will best benefit from elevated commodity pricing & potentially some new offtake agreements. As you can see, the stock price is moving in a well correlated path with copper pricing so we will continue to slowly trend upward: Currently holding 700t shares since ~31.5c. I have full confidence this share will find its fair value when the market starts seeing aggressive revenue growth in the latter half of the year, but until then... I expect little to no price movement. Simply is not sexy enough yet.
- Childish
A1M Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
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