Pending is further exploration results from seven more holes in the Peak Deeps, 14 holes with visible lead and zinc at Chronos, the Hinge Zone at Perseverance, Dominion and Hebe.
This exploration news flow, together with the processing of higher grade ores at North Pod should see the share price strengthen further and go through the $1.00 level. IMO, if it goes through $1.00, it will go to 1.05-1.10 in a heartbeat.
Polymetallics isn't necessarily not a great story. Its just that AMI management are more focused on the bread and butter issues of adding to resources and reserves and cutting costs. The reason that Aurelia is undervalued, is that the story is more rigorously technical than it is glitzy and glamorous.
Unlike large open pit deposits, underground mines cannot reliably establish multi year reserves. It is simply too expensive to drill out that far ahead. Cobar and its mines have proven over generations that they are long life mines that simply give more and more at depth - often at higher and higher grades.
IMO we are going to get another good exploration result then a really solid if not superior quarterly. The money in bank is going to ramp up and the organic growth opportunities are going to strongly compete with any possible or probable M & A action.
Aurelia Metals, IMO, is one of those once in a lifetime opportunities that make smart brave people wealthy.
DYOR.
loc
- Forums
- ASX - By Stock
- AMI
- Pacific Road gone
Pacific Road gone, page-57
Featured News
Add AMI (ASX) to my watchlist
|
|||||
Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $304.4M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.5¢ | $275.0K | 1.530M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 656462 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 134486 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 656462 | 0.175 |
7 | 1131661 | 0.170 |
7 | 812762 | 0.165 |
6 | 417378 | 0.160 |
6 | 422034 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 134486 | 4 |
0.185 | 1180440 | 18 |
0.190 | 237718 | 4 |
0.195 | 322395 | 6 |
0.200 | 1149931 | 7 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
AMI (ASX) Chart |