Thanks for your response eastwest101
I apologise for any indiscretions that were in my post, although I do have a few points I would like to raise with your post.
The phrase battery metals was a poor choice of words, I should have said EV revolution which is a generic phrase which would cover the extra copper used in vehicles, and the copper which will be used in the infrastructure upgrading that must take place around the world. I believe that the organisations involved with this coming event will start to buy up copper in advance before the price becomes prohibitive similar to what we have seen in 2017 with Cobalt in my opinion.
Copper is the primary product of AML, however the very high Cobalt grades will make a very significant impact on the bottom line, and make the FBS stand out from the others. A combination of Copper, Cobalt, Zinc, lead, and Silver makes AML a very well hedged company, and potentially extremely profitable.
Just pasted this off the website regarding Sulphide type ore.
SUMMARY
AEON METALS | ASX:AML
Owns the largest and most advanced cobalt sulphide deposit in Australia
Strong demand for cobalt, copper and positive pricing dynamics
Consistent delivery of excellent assay results • Assays reported from 2 of 9 diamond holes drilled, with very high copper and cobalt grades returned • Expectation of remaining results at the rate of ~1 per week through to early-mid December
Updated Resource due in Dec/Jan • Potential for a material uplift in tonnes and grade • Rescoping/rescaling assessment of project development.
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The company has announced a massive drilling campaign for 2018 using at least 3 rigs. I should have added in my original post that I was referring to the speculative portion of the asx where most of us have our investments. I am not aware of any other small cap company on the asx which has scheduled more than 30,000 meters of drilling for 2018 at this point!
I must disagree with your suggestion that copper prices will have the most effect on the AML share price. AML is not producing at this time so fluctuations in commodity prices will only have limited effect. The main share price movement will come from market sentiment, and resource up grades which can only come from the drilling assay results. I believe the flow of drill results will be a significant upwards catalyst for the share price in the coming months. IMO
I am a bit perplexed over your view of valuing Cobalt at zero, and no mention of Zinc, Lead, and Silver which are all contained within the ore at high levels. I’m not about to try and calculate the value of these metals but, the value would be considerable and possibly combined even higher than the copper. I get the feeling you may have got a bit out of touch with the information that is on the AML website. I see you have a very large portfolio with a lot to keep an eye on.
I also should have pointed out that all new investors should read all the ANN,s and research the AML website as a first step.
My recommendation for AML is buy.
Good Luck
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