Speeding ticket?, page-43

First 43 Last

Share
Profile

Follow
Barolobill

7,788 Posts.

189

23/05/18

09:11

Post #: 33263485
Share

Originally posted by speccy ↑

As Taimoor said - our first downramper!

It's easy to get lost in the detail particularly when AML's anns are often not written for clarity or ease of understanding (as many posters have discussed most probably with a view of trying to keep a lid on this for as long as possible). Why are we paying a PR company and then not letting them do their job?

Largely this "dampen" strategy has worked. Taking HC as a case in point; AML is now up to 7,000 monthly visits but this pales in comparison to, say, AUZ with 62,000 monthly visits!

Broadbrush, we're on track to proving up a resource worth about $50Billion in ground with an average CuEq of around 3% in a closely defined fault bound area (i.e. back in the day the deposit was moulten and ran along the Fish River Fault which acted as a plumbing system).

To put this in perspective, this is multiples of Sandfire's deposit (possibly as much as 4 to 8 times as big) and at only slightly lower grades.

Yes we have mgmt issues. Yes their main motivation seems to be to hang on by the fingernails for as long as possible but this resource is just magnificent and far bigger than they are.

As written about before, a real test will be the metallurgy given that the mgmts of other key Australian peers have managed to get Cobalt recovery rates of 90% (both sulphide and laterite deposits).

They have slowed things down in the past but do appear to be gathering pace atm (although the delivery of assay results is unjustifiably slow especially when they are supposed to be cutting core on site now instead of shipping back to Mt Isa to cut as previously).

It would seem however, that results are imminent (and possibly have been leaked judging by recent SP activity).

A likely scenario is: drilling complete this year, then BFS, then takeover....!

GLTA

Expand

Takeover/JV is the endgame IMO. Build a huge resource base and attract some tier 1 attention. I'm hoping copper starts a bigger move next year as well.

AML Price at posting: 43.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin jumps 8% to beat record on Trump vote optimism

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

First 43 Last

Add AML (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $5.482M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Speeding ticket?, page-43

Bitcoin jumps 8% to beat record on Trump vote optimism

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Featured News

Featured News

Speeding ticket?, page-43

Top Stories

Bitcoin jumps 8% to beat record on Trump vote optimism

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Featured News

Featured News