AIS seems to me grossly under-valued as its share of 70% in...

AIS seems to me grossly under-valued as its share of 70% in AIS/ARE Torrens lake hasn't priced -in yet! Some analyst believes its fair-value is around 0.32c

Current market capitalisation is $97m given the fact AIS has on-going copper production with positive cash flow.

As of 31 December 2018, AIS cash-flow report showed nearly $21m in the kitty. In addition, it announced signification copper findings in its Kurrajong project.

Going back to Torrens drilling, there are significant chances of a major IOCG discovery based on the previous drilling such as;

In April 2005, Teck Australia Pty Ltd did extensive drilling ( Ref: CAR050) which intersected 905m @2.1% Cu and 1g/t Au.

On 27 Nov 2018, BHP released drilling results showing significant Cu finding from 937m depth-246m @ 6.02% Cu

 AIS/ARE has provided Geo-physical/Gravity Survey indicating significantly large IOCG ore body. Drilling is continuing and it is a deep drilling. So it will take time Just as BHP drilling took. But there is significant up-side after drilling confirmation.

No doubt,  there is some degree of risk in every investment. So, that too exist with AIS. However, AIS share price would shoot to 0.80c should the Torrens drilling confirms large IOCG ore body with high grade Cu. So, Watch Torrens drilling outcome with visual pictures of drill cores.