AML 0.00% 0.5¢ aeon metals limited.

Anyone selling is nuts!, page-4

  1. 322 Posts.
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    Blythefan, hopefully you'll be very happy to have bought in.

    However, it looks like you're basing your comments re: the +US$80/ton dirt on the PEA; in which case you should be aware that the PEA is widely regarded as a very poor piece of work with unrealistically high production costs and also low metal recovery rates. If you read the anns after the PEA, you'll see management consistently trying to undo the damage with statements about their confidence that costs will be less than estimated in the PEA.

    The PY3 is of course now the main game with likely CuEq of 4%+++ however there are also a lot of holes with similar %'s in the upper lens too (copper+cobalt+zinc+silver).

    Given more realistic actual costs, your profitability estimates should prove to be very conservative imo.
 
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