RE: Wheres14 Jul 2017 16:22
Absolutely Steven.
For the purpose of Money Miner, and strictly in my opinion of course, AYM is currently valued so cheaply because:
- Base metal prices have been so low that the mine simply hasn't been commercially viable
- There has been no significant news for years (alluring to point 1). Why would the general PI invest in such a boring share?
- The BOD have been horrific with communication and regularly missed deadlines
However, now we are in a position where:
- There is a global (critical) zinc shortage with limited production and prices are rallying swiftly
- The BOD have recognised this and are, finally, doing something about Parys Mountain
- They have officially RNSd to actually confirm a timescale for when they intend to update the market with the scoping study (this is different to other communication imo, as they only really referred to themselves being able to see the results)
- There will be larger mining companies looking for resources that are relatively easy to get out of the ground. AYM has a lot of infrastructure, machinery and equipment in place, it just needs an upgrade
- They don't have to pay off some random local government to get consent to mine. The mine has previously been producing and would be great for the local economy