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A1M - AIC MINES LIMITED


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Interested if someone else has done the mathematics on this one!! Say 540000oz at a cash cost of A$300 to retrieve (There is still the great liklihood of increasing current estimate). Heaps of money in the bank to start Paulsens. I know there are alot of shares on offer but profit is inexcess of 100 million dollars unless I've stuffed up somewhere!!! Comments appreciated.
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mme,

I did the calcs too-

 

@ current POG - margin=$270/oz (no royalties taken into account here

 

541 300 oz x 270 = $146,151,000 earnings

 

close enough to 1 bil. shares

 

=14 cents per share

 

Currently 3.3 cents!!

 

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Have been holding since Taipan days 6 years ago.

 

 

Have recently been buying at these levels again.

 

Came up with simillar numbers.

 

Anyway you view it, this one is worth 10-15 cents on todays numbers.

 

Kiril

 

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One thing I forgot to mention......The volume of trade over last few weeks has been very interesting.

 

Seems to have been some decent sized parcels changing hands.

 

No notice lodged with ASX as yet.

 

Will be watching with eager anticipation.

 

Kiril

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Have been watching this one over the past week and bought some yesterday. There seems to be some pick up in volume and price and charts would appear to confirm this uptrend. However I'm fairly ordinary with TA and would like to hear from any chartists with an opinion where this one is going.
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Without knowing what is driving it at the moment Buyhigh, all I can give you is an TA opinion.

As I see it on weekly charts, we have a small ascending triangle, if it breaks resistance at 4c then a projected target of 5.1c is achievable, of course it may not break out, or if it does it could well exceed the target.

 

Cheers

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Nice to see this one gaining some recognition at last. Worth doing the research on IMO. PDYOR. I'm looking at a medium term hold on it as production is anticipated mid next year. Crunch the numbers and see. Unless I've stuffed up, SP. should increase in value well from it's current position over the coming year.
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