AIS 3.33% 15.5¢ aeris resources limited

Copper getting close to US$3/lb, currently at US$2.87/lb or...

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    Copper getting close to US$3/lb, currently at US$2.87/lb or AUD$3.59/lb

    Cu Cancelled warrants have jumped to 90,000 tonnes.

    AIS margin should now be around $0.50/lb or $1000/ tonne or $27 million annually.
    Any further increase in Cu will make a significant change to the bottom line.
    Every US$0.10/lb increase in Cu will mean an extra $6.5 million profit
    Good to see that the production target has been increased to 27,000 tonnes for FY2018.
    I'd say AIS is about to turn northward.
    Last edited by rocket973: 01/08/17
 
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