A1 has managed to roll up two Vic gold projects to add to their A1 mine, in less than 12 months. They have added a 180ktpa mill, 300,000 oz and begun production at under $900g/t while the Aussie gold price is $1500 per ounce, attracted one of Australia's most successful mining giants Andrew Forrest. They have done all this by issuing scrip rather than spending cash. Will be producing cash next year at the rate of $17m in margin. Market Cap still has not changed.
Has to be worth at least double this price.
AYC Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held