What a day A1 minerals (AAM), where most of the market gave up...

What a day A1 minerals (AAM), where most of the market gave up ground A1 continued it's resiliance. Most gold stocks were down or even for the day. Even though it finished .5c higher it was a great result considering it's run from 20c to 31.5c over the past 3 weeks.

With mining supposedly having started yesterday, gold price at record highs and going gang busters - tipped by most commodity experts to hit 1500 US/oz by mid next year - A1 is ready for take off.

The beauty is how A1 have set up their operation -
* Low dilution
* Mine construction and set up - all paid for
* Own their own processing plant
* Starting with 30,000 oz per annum - Looking to increase it to 100,000 oz per annum
* With gold pouring next month - cash flow for more drilling to increase their already huge JORC of 1.7 mill oz at 2.5g/t (already hitting new zones at high grade)
* With cost per oz of $600 Aus to produce and gold over $1270 aus - that's a very healthy margin
(Above info can be found in recent company announcments)

All of this with only a market cap of 45 million! That's valuing the company at only 30c per oz where it's peers avg is 80c per oz!

Is there a better value Gold stock on the ASX?

P.S A great gold website for those of you who believe that the GOLD BULL run is definately on is jsmineset.com,
It's the Gold Guru - Jim Sinclairs - own website. Great reading and a great resource!