Jaguar has great potential, whilst cash preservation placed it on C&M, geotechnical assesments, mining accessability etc would all be front and center as will other desk work, modelling, data mapping etc. What we do know as fact at this point in time is that Jaguar has 19,000 tonnes of copper, 39,000 of zinc and 1.65 million ounces of silver, a very nice set of numbers. It has significant potential within the Jaguary tenements to increase the numbers.
Andre Labuschagne recently commented that its purchase was absolutly the right thing to do given the opportunity. It was a big bite for Aeris, hopefully they have been fortunate enough with tail winds to monetise the project. I see the management team as being to some extent a little like Oz Minerals in terms of aspiration, lets hope a BHP or Glencore don't do to Aeris what BHP did to Oz Mineral and buy it! The more I read of the scarcity of near term copper projects the more I see Aeris as a target.
Andrew Cole Oz CEO made plenty of mistakes growing Oz Minerals, some say $400m spent on Avanco in Brazil returned little, but overall the reason BHP paid a premium was that Oz Minerals had more wins than losses. Respected commentators in the game say copper will not meet demand, if you have it, "drill it baby" copper is likely to be in a once in a golden decade or more period, get it to market by whatever means you have. New greenfield exploration is going to take far too long, eventually supply will balance with demand, but that eventually could be a long time.
Cheers Phil.
AIS Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
