This report was written on januray 1 this year.Intersuisse had a target price of 27c using a nickel price of US $12500 and incorporates modest values for the company’s other assets.
I had read that AUZ had forward sold its Nickel but see they have only forward sold 3m to fund purchase of mine equipment and working capital.
In addition, sales risk has been removed by the toll treatment/off-take agreement with WMR.
This is the interesting part though...intersuisse beleive if the nickle price is above $12500US by 10% then the valuation of AUZ share price rises by 15% to 31c.
So basically a Nickel price of US$13750 =31c
US$15000 =35c
US$16250 =39c
US$17500 =43c
Then one must add on potential upgrades due to exploration programmes.
It is understood that several highly prospective
shallow gold resource targets (such as Duplex, Flying
Ant, and Goat/18 Footer) will be drilled in the near
future as part of a planned exploration program.
http://www.australianmines.com.au/index.cfm/fuseaction/home.exploration_blair
Top 20 shareholders hold 80.5m (64.9%)
We saw the profit JBM gave today I think this will cause a rerating of AUZ.
Anyone have the current nickel price in US$?
Cheers
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- intersuisse report...plenty of upside
intersuisse report...plenty of upside
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