http://www.aureliametals.com/uploads/5/11/CGAU_AMI_20140923.pdf
We initiate coverage of Aurelia Metals (AMI) with a BUY rating. AMI’s
key attraction is that it’s on the verge of low cost gold and base metal
production from its Hera-Nymagee project near Cobar in New South
Wales. The Hera process plant is finalising commissioning and with the
recent announcement that it has produced the first gold dore bars and
bulk zinc-lead concentrate, we see the execution risk beginning to
ratchet down. AMI remains undervalued in our view and we believe
further upside can be gained from the development of the nearby
Nymagee copper project. In addition we believe an upgrade of the Hera
Project’s reserve is highly probable, given the extent of positive drilling
results since the Ore Reserve was estimated in 2011.
Canaccord Research Note
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Last
19.0¢ |
Change
0.010(5.56%) |
Mkt cap ! $321.3M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 19.0¢ | 17.5¢ | $2.272M | 12.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55948 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 100000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| AMI (ASX) Chart |