AML 0.00% 0.6¢ aeon metals limited.

The announcement Friday from Aeon Metals Ltd is further...

  1. 30 Posts.
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    The announcement Friday from Aeon Metals Ltd is further endorsement of what is fast becoming the premier emerging metals play in Australia today.
    The numbers are stunning. The ore value in this hole is $440 per tonne! (and thats just the Copper, Cobalt and Silver) and follows on from the excellent results in hole 236 a week or so ago. Also in the announcement Friday was a cross section on hole WFDDO88...14 mtrs @ 1.64% Copper and .9% Cobalt...that's equivalent to 10% Copper or $750 per tonne ore, has anyone heard of anything better, anywhere? I think the market will wake soon, and international players will come looking.
    The current drilling program is certainly ramping up interest in this stock and with good reason.
    The historical results from drilling by previous operators, Copper Strike, WMC and Aston Metals reinforce the story. Since 1989 these companies drilled 215 holes for almost 35,000 m of drilling. As has been noted in previous postings many of these holes were not assayed for Co and hence the actual Co grade is significantly higher than that quoted in the resource. It should also be noted that the Cu Eq grade quoted in the 2014 JORC resource is now significantly higher due to the increase in metal prices, substantially boosting the in-situ metal value. I reckon we are about to get a healthy uplift in both grade and tonnage from this drill program.
    The bottom line is this...this company is valued on market at no more than the cost of the drilling done by the four operators to now, WMC, Copper Strike, Aston Metals and now Aeon. That's a ridiculous notion given the nearly $12Billion worth of metal proven up to date and the recent scoping study on pyrite roasting released by the the company outlining a clear, feasible path to a $200million EBITDA. Watch this space, this has only just begun.
 
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