Well... management is being proactive I guess? I know AC's competence has been questioned here but this seems like the action of a focused and determined MD.
On another matter... I trust everybody has seen the fallout of CDU's resource statement. It's worth comparing the two - Roseby is slightly smaller in gross tonnage, but higher grade. It has certified Reserves, while CDU only has Resources. Roseby's gold credits aren't included in the copper grade which makes it slightly higher again, while CDU's Resource includes its credits.
CDU: 157Mt @ 0.56% Cu Eq
AOH: 133Mt @ 0.68% Cu + 250k Oz Au (puts Cu Eq up around 0.71% by my calculation)
AOH also has Kylylahti much closer to operation than either of the Australian projects, and a nice refurbished processing plant.
Now look at market caps:
CDU: $290M (and that's AFTER the collapse of its SP)
AOH: $33M
Would suggest AOH is grossly undervalued.
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