AMI 2.33% 21.0¢ aurelia metals limited

Hi RG435,I wouldn't panic or be disheartened by a slight drop in...

  1. 1,173 Posts.
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    Hi RG435,
    I wouldn't panic or be disheartened by a slight drop in share price. If you did your research and thought AMI was worth a lot more, then you just have to ask what it is that makes you think it is now worth less. Yes there was a rocky time, but the way forward looks well planned to me. We have two mills and cash enough that the current market cap couldn't replace these items even if we held it all in cash. Then what value do you place on all the mineral resources that measure 17 million tonnes. A simple addition of the quarterlies points to a healthy EBITDA for FY 2019 of around $100 million, with a net profit that I estimate at around $40-45 million. If these figures stack up in the annual report due by month's end, the SP will track upwards. Metal prices are strong for gold, silver and lead with copper and zinc still above the budgeted figures even though those with negative sentiment are saying base metals are down.We'll be selling a mixture of hedged gold @ $1809/oz and market @ $2200 so we'll be averaging $2000 an ounce when we budgeted at $1650. My fair price remains $1.26 and I think it's a matter of 10 months away before we hit the $1 mark. I base this on implementation of 4 things; 1. successful continuation of mining at the North Pod, 2. completion of the mill upgrade at Peak on schedule, 3. mining the rich Pb/Zn intrusion at Chronos and 4. the advent of the first gold out of Kairos. All these things are what the company has planned. It just has to deliver.

 
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Last
21.0¢
Change
-0.005(2.33%)
Mkt cap ! $355.2M
Open High Low Value Volume
22.0¢ 22.0¢ 21.0¢ $520.2K 2.434M

Buyers (Bids)

No. Vol. Price($)
9 339502 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
21.5¢ 209000 5
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Last trade - 16.10pm 17/07/2024 (20 minute delay) ?
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