speves said:This stock tends have a fairly low profile for some reason, however I expect that will be changing soon. A recent article from mining news explains:
AUZ's Blair mine has just undergone an impressive resource upgrade that increased the total resources by 45% to 109,000 tonnes at a grade of 5.19% nickel for 5660t of contained metal.
Global nickel prices are currently soaring due to surging demand out of the expanding economies of China and India, low world stockpiles and a lack of new production coming onstream. Nickel selling on the London Metal Exchange recently surpassed $US30,000 per tonne, having doubled in the past year.
A few quick calculations, therefore, will tell you that Australian Mines is sitting on nickel with an in-ground value of about $220 million. Now, the amazing thing that will have canny investors sit up and take notice – Australian Mines has a market capitalisation of just $14 million.
Australian Mines has been left behind in the latest nickel boom as its peers record sensational share price rises and witness massive increases in their market value. As it slowly chips away at its portfolio, the company has flown under the radar – until now.
With the latest resource upgrade, it is unlikely to stay under the radar for long before brokers, analysts and investors realise the huge discount in the company's value compared to the veritable nickel vault that it is sitting on.
Indeed it is moving strongly up today. Any reason ??mick2006 said:market finally realising the potential, current nickel miner, at these prices profit of $20 million, plenty of upside from exploration
zombie_ninja said:Can anyone explain the difference in share prices between AUZ and AGM?
Considering that they're both producers of Nickel. Is it because AGM is the only new Nickel mine coming online this year? I thought AUZ is already producing Nickel, yet their price is so low.
Excuse if me I got any information wrong here.
A profit of $20 million and their market cap is only $36 million?mick2006 said:market finally realising the potential, current nickel miner, at these prices profit of $20 million, plenty of upside from exploration
SevenFX said:Gotta hand it to you Sodapop, there aren't many stocks that I see a poster follow it from start to finish.
If I ever needed to know anything about AUZ, your the man (assuming) I would see.
Keep up the good work.
Cheers
SevenFX
It doesn’t look like this one is unnoticed anymore. It jumped yesterday and keeps on going today. The 10 cents mark should be a strong resistance point. If it goes over in big volume then the sky is the limitscsl said:A profit of $20 million and their market cap is only $36 million?
I follow AGM but have only started to notice AUZ and would appreciate any explanations.
mick2006 said:market finally realising the potential, current nickel miner, at these prices profit of $20 million, plenty of upside from exploration
Yep the problem is 10-11 c is a strong resistanceconstable said:Auz has taken off over the last few minutes.
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