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48.5¢ aic mines limited

just on the tunnel in item 3. It’s 3.6 klm to Jericho and...

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Mikjas

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18/05/24

04:27

Post #: 73888873
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Originally posted by Ashentegra: ↑

AC & team have given Mr Market plenty to think about over the weekend.

1. The resource has grown so Aron can credibly say there is enough for 20ktpa production for 20 years. His quiet ambition to produce 30ktpa for 15 years would need only a modest addition to the resource - from 400kt to 450kt.

2. The PoC is sitting just below $US5.00lb, up from $US3.50lb three months ago. If it holds, this will transform A1M finances and make possible the ambition to develop on FCF without fresh capital and only modest borrowing.

3. An alternative 3.6km tunnel to Swagman is being studied. While this is entirely possible, I doubt the utility versus a boxcut. Ore begins a mere 50m below surface. Cheaper and easier to bring ore to surface and drive the distance above ground. AC is buying time with this study, for drilling, to build cash and further prove A1C can operate at 12ktpa.

So to all those out there recalculating what A1C is now worth, think big. Old Minnet's price target of 85c last month is already redundant.

Ash

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just on the tunnel in item 3. It’s 3.6 klm to Jericho and looking at the scale roughly 2.6 klm to Swagman. What’s the KLM rate for an underground drive compared to a boxcut?

A1M Price at posting: 58.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 48.5¢		Change 0.005(1.04%)		Mkt cap ! $276.8M

Open	High	Low	Value	Volume
48.5¢	50.0¢	48.5¢	$508.3K	1.032M

Buyers (Bids)

No.	Vol.	Price($)
2	34728	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
50.0¢	45845	2

View Market Depth

No.	Vol.	Price($)
1	34228	0.485
5	79385	0.480
4	82006	0.475
6	45602	0.470
1	19000	0.465

Price($)	Vol.	No.
0.500	45845	2
0.505	44616	3
0.510	9069	2
0.515	78400	1
0.520	114894	3

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last 49.5¢			Change 0.005 ( 3.08 %)
Open	High		Low	Volume
48.5¢	50.0¢		48.5¢	534822
Last updated 15.58pm 07/06/2024 ?

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