AAM 10.7% 5.0¢ aumega metals ltd

Spoke to Liam yesterday, main points were this1) Unhedged...

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    Spoke to Liam yesterday, main points were this

    1) Unhedged completely
    2) small debt $2000 000
    3) Turning cashflow positive
    4) Acknowledge commissioning problems but says they are now behind them and recently announced plant is operating at nameplate capacity. ie 30 000 ounces a year.
    5)Costs estimated to be at $600 an ounce
    6) Headgrade 4gpt over 150 000 ounces of reserves
    7) 1.7 million ounces of resources with potential to find more.
    8) Plant can be expanded from 300000 tpa to 750000 tpa for cost of 10 million
    9)Lots of tax credits so won't be paying any tax any time soon.
    IMO.DYOR.
 
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