Not quite sure of exact levels but this quarter at current copper prices is going to be quite a cash surplus even at lower production levels. They have quite a bit of cash in the bank at the end of last quarter and i think are somewhat undervalued at current earnings. Fully diluted I think 90 million (10 cents per share) for a company that is now most likely returning $45 - $50 million in free cash flow (annualised assuming $2.70 lb @ US .77 exchange rate and 26,000 tpa production with AISC's of $2.6 lb AU).
Upside is also strong with Murrawombie ramping up and further gains through expected foreign exchange rates. Also copper is forecast to reach US$7000 tonne in the near future so plenty of scope.
All the best to those who hold AIS and lets hope today is a sign of things to come!!!
Not quite sure of exact levels but this quarter at current...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AIS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $169.3M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 17.0¢ | $32.03K | 188.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 666238 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 96432 | 8 |
View Market Depth
| Last trade - 10.00am 06/08/2024 (20 minute delay) ? |
| AIS (ASX) Chart |