AMI 0.00% 17.0¢ aurelia metals limited

The dip from the 60s to 50s was on the back of Pacific Rd...

  1. 1,204 Posts.
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    The dip from the 60s to 50s was on the back of Pacific Rd selling 310 million shares. I'm still picking $20-$30 million EBITDA for the month of July, and $100 million in the bank by the end of August at the latest. Anything in that range spells more upside. The reason this time for the large variance in my estimation, is that I don't know how much of the 310g/t and 143g/t Au intervals have already been mined at Chronos. They were around 10m depth each.If we are still mining them or have started mining them, then obviously we'll be towards the upper end of the range. The 88/gt at the North Pod is fairly deep so we'll be a long way from that, but the North Pod has higher overall grade than what was previously mined at Hera so there should be plenty of upside at the Hera mill. I don't see any reason for a dip at all.
 
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