Welcome to the AML forum.
This thread is intended for visiting investors who have little technical knowledge which includes myself, and who are trying to find a sound battery metals investment for 2018. Please feel free to add or disagree to the thread. What should you be looking for: (the list is not necessarily in the right order)
1: Institutional Investors: Institutional investors or hedge funds have there own inhouse analysts who will examine companies under a magnifying glass before investing there clients money in them. AML have several institutional investors with more than 5% holding. 5% or more usually indicates a long term investor.
2: A skilled and focused management team who keep the investors informed, and who are clearly moving forward with a set business plan with near term production as the target.
3: Independent analysis with a 100% buy recommendation. (see AML website)
4: Over 30 million dollars in the bank, fully funded up to mine construction.
5: It is my understanding that there are two types of ore, Sulphide and Laterite. The Laterite ore is much more expensive to process. Much more expensive to build the processing plant, and take significantly longer to build the processing plant. AML have the sulphate type ore which is cheaper to process and cheaper and quicker to build the processing plant. There are variables to the above so please do your own research.
6: One of the largest drilling campaigns in Australia in 2018 using at least 3 rigs = a solid flow of resource updates which will be a great share price catalyst throughout the year.
7: The latest drill results: 4th December 2017 Highest PY3 copper and cobalt grades yet at Walford Creek • Highest PY3 copper and cobalt grades – 30m @ 3% Cu, 0.44% Co and 50g/t Ag from 188m • Results from 900 meters west of existing Vardy Resource confirm expectations of a large mineral system with potential for significant additional Resources beyond those currently defined • Upgraded Resources estimate in progress Aeon Metals Ltd (“Aeon” or “the Company”) owner of one of Australia’s biggest undeveloped base metals projects in north-west Queensland, the Walford Creek project, is pleased to announce assay results for its final two holes (holes eight and nine) from its second phase 2017 drill campaign. These two holes targeted the high grade PY3 unit west of Vardy. Hole eight (WFDD270), located in the Marley Zone is ~900m west from the edge of the Vardy Resource and confirms the outstanding potential for high grade copper and cobalt in the PY3 along the extensive Fish River Fault. Hole nine (WFDD271) was aimed at an apparent dip in the stratigraphy where no previous hole had intersected the PY3. It intersected faulting and defines an offset in the stratigraphy at depth. Both holes intersected significant mineralisation and continue to confirm both the high grade PY3 as well as adding geological rigour to the 3D geological model. Results returned from these two holes include the following significant mineralisation: WFDD270 results in the PY3 include; • 45m @ 2.21% Cu, 0.32% Co and 43g/t Ag from 185m - Inc. 30m @ 2.99% Cu, 0.44% Co and 50g/t Ag from 188m WFDD271 results in a faulted block of PY3 include; • 13m @ 0.51% Cu, 0.07% Co and 30g/t Ag from 262m • 18m @ 0.56% Cu, 0.07% Co and 15g/t Ag from 297m The very high grades in hole eight, WFDD270, which targeted the PY3 within a few metres of the modelled 3D geological target, are outstanding and the best of the recent program of drilling. It again emphasises the extremely consistent copper and cobalt grades in the middle to lower PY3 and indicates a thickening of the PY3 to the west. This hole is a further 675m west of hole WFDD268 (22m @ 2.2% Cu, 0.31% Co from 201m) in what the Company is now referring to as the Marley Zone.
8: Market Cap: It is very difficult to estimate a MC of a speculative stock but based on other small cap companies on the ASX the MC should be considerably higher than where it is now. IMO the MC will be around $1.00 next Christmas as a conservative guess. If the 2018 drill results further supports the above which they are expected to do then we are looking at a multibillion dollar company in the near future…………………………………………………………………
Although I won’t be able to answer technical questions myself there are guys on here who will be more than happy to help you.
In your search for small cap mining stocks if somehow you do find a speculative stock with better credentials than AML then we would all like to hear.
Good Luck all
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