View ValuationAIC Mines 향후 성장Future 기준 점검 6/6AIC Mines (는) 각각 연간 28.2% 및 20.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 28.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 20.1% 로 예상됩니다.핵심 정보28.2%이익 성장률28.51%EPS 성장률Metals and Mining 이익 성장14.6%매출 성장률20.2%향후 자기자본이익률20.12%애널리스트 커버리지Good마지막 업데이트21 Apr 2026최근 향후 성장 업데이트Major Estimate Revision • Feb 14Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$251.8m to AU$260.0m. EPS estimate increased from AU$0.054 to AU$0.067 per share. Net income forecast to grow 240% next year vs 23% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.75 to AU$0.81. Share price rose 7.3% to AU$0.59 over the past week.Major Estimate Revision • Jan 31Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.045 to AU$0.054. Revenue forecast steady at AU$251.8m. Net income forecast to grow 199% next year vs 24% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.73 to AU$0.75. Share price rose 4.1% to AU$0.64 over the past week.Major Estimate Revision • Jan 21Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$237.5m to AU$244.5m. EPS estimate increased from AU$0.043 to AU$0.051 per share. Net income forecast to grow 114% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.69 to AU$0.73. Share price was steady at AU$0.60 over the past week.Price Target Changed • Dec 10Price target increased by 9.9% to AU$0.62Up from AU$0.57, the current price target is an average from 5 analysts. New target price is 16% above last closing price of AU$0.54. Stock is up 52% over the past year. The company is forecast to post earnings per share of AU$0.04 for next year compared to AU$0.026 last year.Price Target Changed • Oct 17Price target increased by 8.0% to AU$0.59Up from AU$0.55, the current price target is an average from 5 analysts. New target price is 26% above last closing price of AU$0.47. Stock is up 36% over the past year. The company is forecast to post earnings per share of AU$0.037 for next year compared to AU$0.026 last year.Major Estimate Revision • Oct 17Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$224.3m to AU$229.2m. EPS estimate increased from AU$0.03 to AU$0.037 per share. Net income forecast to grow 88% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.56 to AU$0.59. Share price rose 12% to AU$0.47 over the past week.모든 업데이트 보기Recent updates공시 • Apr 13AIC Mines Limited to Report Q3, 2026 Results on Apr 16, 2026AIC Mines Limited announced that they will report Q3, 2026 results Pre-Market on Apr 16, 2026Reported Earnings • Feb 20First half 2026 earnings released: EPS: AU$0.022 (vs AU$0.014 in 1H 2025)First half 2026 results: EPS: AU$0.022 (up from AU$0.014 in 1H 2025). Revenue: AU$110.6m (up 19% from 1H 2025). Net income: AU$17.4m (up 115% from 1H 2025). Profit margin: 16% (up from 8.7% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Metals and Mining industry in Australia.Major Estimate Revision • Feb 14Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$251.8m to AU$260.0m. EPS estimate increased from AU$0.054 to AU$0.067 per share. Net income forecast to grow 240% next year vs 23% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.75 to AU$0.81. Share price rose 7.3% to AU$0.59 over the past week.Major Estimate Revision • Jan 31Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.045 to AU$0.054. Revenue forecast steady at AU$251.8m. Net income forecast to grow 199% next year vs 24% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.73 to AU$0.75. Share price rose 4.1% to AU$0.64 over the past week.공시 • Jan 22AIC Mines Limited to Report Q2, 2026 Results on Jan 29, 2026AIC Mines Limited announced that they will report Q2, 2026 results Pre-Market on Jan 29, 2026Major Estimate Revision • Jan 21Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$237.5m to AU$244.5m. EPS estimate increased from AU$0.043 to AU$0.051 per share. Net income forecast to grow 114% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.69 to AU$0.73. Share price was steady at AU$0.60 over the past week.분석 기사 • Dec 31Why Investors Shouldn't Be Surprised By AIC Mines Limited's (ASX:A1M) 27% Share Price SurgeDespite an already strong run, AIC Mines Limited ( ASX:A1M ) shares have been powering on, with a gain of 27% in the...Price Target Changed • Dec 10Price target increased by 9.9% to AU$0.62Up from AU$0.57, the current price target is an average from 5 analysts. New target price is 16% above last closing price of AU$0.54. Stock is up 52% over the past year. The company is forecast to post earnings per share of AU$0.04 for next year compared to AU$0.026 last year.Price Target Changed • Oct 17Price target increased by 8.0% to AU$0.59Up from AU$0.55, the current price target is an average from 5 analysts. New target price is 26% above last closing price of AU$0.47. Stock is up 36% over the past year. The company is forecast to post earnings per share of AU$0.037 for next year compared to AU$0.026 last year.Major Estimate Revision • Oct 17Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$224.3m to AU$229.2m. EPS estimate increased from AU$0.03 to AU$0.037 per share. Net income forecast to grow 88% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.56 to AU$0.59. Share price rose 12% to AU$0.47 over the past week.공시 • Oct 13AIC Mines Limited to Report Q1, 2026 Final Results on Oct 16, 2025AIC Mines Limited announced that they will report Q1, 2026 final results Pre-Market on Oct 16, 2025분석 기사 • Oct 03AIC Mines Limited (ASX:A1M) Soars 26% But It's A Story Of Risk Vs RewardThe AIC Mines Limited ( ASX:A1M ) share price has done very well over the last month, posting an excellent gain of 26...Major Estimate Revision • Oct 01Consensus EPS estimates increase by 22%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.023 to AU$0.028. Revenue forecast steady at AU$221.5m. Net income forecast to grow 38% next year vs 24% growth forecast for Metals and Mining industry in Australia. Consensus price target of AU$0.53 unchanged from last update. Share price rose 6.9% to AU$0.39 over the past week.Major Estimate Revision • Sep 24Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from AU$0.026 to AU$0.023 per share. Revenue forecast steady at AU$221.7m. Net income forecast to grow 40% next year vs 14% growth forecast for Metals and Mining industry in Australia. Consensus price target of AU$0.53 unchanged from last update. Share price rose 5.9% to AU$0.36 over the past week.공시 • Sep 15AIC Mines Limited, Annual General Meeting, Nov 19, 2025AIC Mines Limited, Annual General Meeting, Nov 19, 2025.분석 기사 • Aug 28AIC Mines' (ASX:A1M) Performance Raises Some QuestionsAfter announcing healthy earnings, AIC Mines Limited's ( ASX:A1M ) stock rose over the last week. However, we think...Reported Earnings • Aug 22Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: AU$0.026 (up from AU$0.016 in FY 2024). Revenue: AU$189.6m (up 5.0% from FY 2024). Net income: AU$15.0m (up 94% from FY 2024). Profit margin: 7.9% (up from 4.3% in FY 2024). The increase in margin was driven by higher revenue. Production and reserves: Copper Production: 12,383 t (12,912 t in FY 2024) Number of mines: 1 (1 in FY 2024) Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 7.8%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Aug 21Consensus revenue estimates increase by 12%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$220.2m to AU$247.0m. EPS estimate increased from AU$0.031 to AU$0.037 per share. Net income forecast to grow 41% next year vs 16% growth forecast for Metals and Mining industry in Australia. Consensus price target of AU$0.53 unchanged from last update. Share price was steady at AU$0.32 over the past week.Major Estimate Revision • Jul 22Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$195.7m to AU$193.7m. EPS estimate also fell from AU$0.03 per share to AU$0.026 per share. Net income forecast to grow 78% next year vs 16% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$0.52. Share price was steady at AU$0.32 over the past week.공시 • Jul 17AIC Mines Limited to Report Q4, 2025 Results on Jul 21, 2025AIC Mines Limited announced that they will report Q4, 2025 results Pre-Market on Jul 21, 2025New Risk • Jul 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).Major Estimate Revision • Jul 01Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.036 to AU$0.029 per share. Revenue forecast steady at AU$195.1m. Net income forecast to grow 94% next year vs 20% growth forecast for Metals and Mining industry in Australia. Consensus price target down from AU$0.73 to AU$0.55. Share price was steady at AU$0.30 over the past week.분석 기사 • Jun 24There's No Escaping AIC Mines Limited's (ASX:A1M) Muted RevenuesWith a price-to-sales (or "P/S") ratio of 0.9x AIC Mines Limited ( ASX:A1M ) may be sending very bullish signals at the...공시 • Jun 24AIC Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 55 million.AIC Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 55 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 142,800,000 Price\Range: AUD 0.3 Discount Per Security: AUD 0.015 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 40,533,334 Price\Range: AUD 0.3 Discount Per Security: AUD 0.015 Transaction Features: Subsequent Direct Listing공시 • Jun 21+ 1 more updateAIC Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million.AIC Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,333,333 Price\Range: AUD 0.3공시 • Apr 24AIC Mines Limited to Report Q3, 2025 Results on Apr 29, 2025AIC Mines Limited announced that they will report Q3, 2025 results Pre-Market on Apr 29, 2025Major Estimate Revision • Apr 17Consensus EPS estimates increase by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from AU$0.03 to AU$0.034. Revenue forecast steady at AU$195.0m. Net income forecast to grow 94% next year vs 29% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$0.71. Share price rose 17% to AU$0.34 over the past week.공시 • Apr 10AIC Mines Limited Announces CFO ChangesAIC Mines announced the appointment of John Callagher as its new CFO, effective 12 May 2025 following the resignation of Michael Frame. Mr. Frame will stay with the Company until 1 July 2025. Mr. Frame joined AIC Mines as CFO in December 2021, a pivotal period for the Company following the acquisition of the Eloise copper mine. His involvement with the integration and improvement in commercial and financial procedures at Eloise was paramount to the success of the acquisition and the operation's ongoing growth. Mr. Frame leaves AIC Mines with robust financial reporting and budgeting procedures and a strong finance team. Mr. Callagher was previously CFO at Aurora Healthcare and General Manager Finance at Whitehaven Coal prior to that. He brings over 25 years of financial and commercial experience spanning statutory reporting and audit, tax, mergers and acquisitions, and business governance.New Risk • Apr 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$161.2m (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (AU$161.2m market cap, or US$97.4m).분석 기사 • Apr 08Is AIC Mines (ASX:A1M) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Feb 21New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding).Major Estimate Revision • Feb 20Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.04 to AU$0.028 per share. Revenue forecast steady at AU$191.7m. Net income forecast to grow 122% next year vs 22% growth forecast for Metals and Mining industry in Australia. Consensus price target of AU$0.71 unchanged from last update. Share price rose 3.8% to AU$0.41 over the past week.분석 기사 • Feb 10AIC Mines Limited's (ASX:A1M) Revenues Are Not Doing Enough For Some InvestorsWith a price-to-sales (or "P/S") ratio of 1.2x AIC Mines Limited ( ASX:A1M ) may be sending very bullish signals at the...Major Estimate Revision • Jan 16Consensus EPS estimates fall by 45%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.077 to AU$0.042 per share. Revenue forecast steady at AU$187.1m. Net income forecast to grow 303% next year vs 20% growth forecast for Metals and Mining industry in Australia. Consensus price target reaffirmed at AU$0.72. Share price fell 4.3% to AU$0.34 over the past week.분석 기사 • Dec 10Does AIC Mines (ASX:A1M) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...공시 • Oct 15AIC Mines Limited to Report Q1, 2025 Results on Oct 17, 2024AIC Mines Limited announced that they will report Q1, 2025 results Pre-Market on Oct 17, 2024공시 • Sep 25AIC Mines Limited, Annual General Meeting, Nov 20, 2024AIC Mines Limited, Annual General Meeting, Nov 20, 2024.Reported Earnings • Aug 22Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: AU$0.016 (up from AU$0.015 loss in FY 2023). Revenue: AU$180.5m (up 44% from FY 2023). Net income: AU$7.69m (up AU$13.5m from FY 2023). Profit margin: 4.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jul 18Price target decreased by 8.8% to AU$0.75Down from AU$0.82, the current price target is an average from 4 analysts. New target price is 105% above last closing price of AU$0.36. Stock is down 3.9% over the past year. The company is forecast to post earnings per share of AU$0.03 next year compared to a net loss per share of AU$0.015 last year.Major Estimate Revision • Jul 17Consensus EPS estimates increase by 38%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.04 to AU$0.055. Revenue forecast steady at AU$183.7m. Net income forecast to grow 1,806% next year vs 24% growth forecast for Metals and Mining industry in Australia. Consensus price target down from AU$0.82 to AU$0.80. Share price was steady at AU$0.46 over the past week.분석 기사 • Jun 19AIC Mines Limited (ASX:A1M) Not Doing Enough For Some Investors As Its Shares Slump 26%AIC Mines Limited ( ASX:A1M ) shares have retraced a considerable 26% in the last month, reversing a fair amount of...Price Target Changed • Jun 04Price target increased by 8.3% to AU$0.81Up from AU$0.75, the current price target is an average from 4 analysts. New target price is 59% above last closing price of AU$0.51. Stock is up 26% over the past year. The company is forecast to post earnings per share of AU$0.04 next year compared to a net loss per share of AU$0.015 last year.New Risk • Jun 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (24% increase in shares outstanding).공시 • May 26AIC Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 57.2 million.AIC Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 57.2 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 110,000,000 Price\Range: AUD 0.52 Transaction Features: Subsequent Direct ListingBuy Or Sell Opportunity • May 25Now 27% undervaluedOver the last 90 days, the stock has risen 98% to AU$0.54. The fair value is estimated to be AU$0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 85% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 2,388% in the next 2 years.공시 • May 24AIC Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 57.2 million.AIC Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 57.2 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 110,000,000 Price\Range: AUD 0.52 Transaction Features: Subsequent Direct Listing분석 기사 • Apr 25Is AIC Mines (ASX:A1M) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Major Estimate Revision • Apr 18Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$177.6m to AU$180.4m. EPS estimate increased from AU$0.032 to AU$0.038 per share. Net income forecast to grow 1,570% next year vs 30% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.71 to AU$0.74. Share price rose 5.1% to AU$0.41 over the past week.분석 기사 • Apr 09AIC Mines Limited (ASX:A1M) Surges 33% Yet Its Low P/S Is No Reason For ExcitementAIC Mines Limited ( ASX:A1M ) shares have had a really impressive month, gaining 33% after a shaky period beforehand...Price Target Changed • Mar 27Price target increased by 7.6% to AU$0.70Up from AU$0.66, the current price target is an average from 4 analysts. New target price is 110% above last closing price of AU$0.34. Stock is down 18% over the past year. The company is forecast to post earnings per share of AU$0.039 next year compared to a net loss per share of AU$0.015 last year.Major Estimate Revision • Mar 27Consensus EPS estimates increase by 24%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.032 to AU$0.039. Revenue forecast steady at AU$176.6m. Net income forecast to grow 1,327% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.66 to AU$0.70. Share price fell 4.3% to AU$0.34 over the past week.분석 기사 • Mar 21Is AIC Mines Limited (ASX:A1M) Trading At A 40% Discount?Key Insights Using the Dividend Discount Model, AIC Mines fair value estimate is AU$0.59 AIC Mines' AU$0.35 share price...Recent Insider Transactions • Mar 02Independent Non-Executive Director recently sold AU$210k worth of stockOn the 29th of February, Brett Montgomery sold around 700k shares on-market at roughly AU$0.30 per share. This transaction amounted to 97% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$166k more than they bought in the last 12 months.Reported Earnings • Feb 26First half 2024 earnings released: EPS: AU$0.005 (vs AU$0.001 loss in 1H 2023)First half 2024 results: EPS: AU$0.005 (up from AU$0.001 loss in 1H 2023). Revenue: AU$91.0m (up 34% from 1H 2023). Net income: AU$2.23m (up AU$2.84m from 1H 2023). Profit margin: 2.4% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Feb 14Non-Executive Director recently bought AU$58k worth of stockOn the 12th of February, Jonathan Young bought around 200k shares on-market at roughly AU$0.29 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$44k more in shares than they have sold in the last 12 months.Price Target Changed • Feb 08Price target decreased by 11% to AU$0.63Down from AU$0.71, the current price target is an average from 4 analysts. New target price is 117% above last closing price of AU$0.29. Stock is down 38% over the past year. The company is forecast to post earnings per share of AU$0.039 next year compared to a net loss per share of AU$0.015 last year.공시 • Jan 24+ 1 more updateAIC Mines Limited Provides Production Guidance for the First Quarter 2024AIC Mines Limited provided production guidance for the first quarter 2024. For the quarter, the company expects Production of approximately 3,000t- 3,200t Cu and 1,500oz Au in concentrate is targeted in the March 2024 Quarter.공시 • Dec 02AIC Mines Limited Announces Outstanding Drilling Results from the Jumbuck, Squatter and Billabong Shoots At the Jericho Copper ProjectAIC Mines Limited announced outstanding drilling results from the Jumbuck, Squatter and Billabong shoots at the Jericho Copper Project. The Jericho copper deposit is located 4 kilometres south of the Eloise Copper Mine and processing plant. Jericho mine development studies and Eloise processing plant expansion studies are currently underway. Development is expected to commence in 2024 subject to permitting. The Jericho deposit currently has a strike length of 2.3 kilometres. It commences at approximately 50m below surface and extends to a vertical depth of 550m below surface. It occurs in two parallel lenses - J1 and J2 with higher grade shoots within these lenses, namely Jumbuck, Matilda, Billabong and now Squatter. Mineralisation remains open along strike and at depth. Resource Extension and Definition Drilling: A diamond and reverse circulation ("RC") drilling program targeting extensions to the Jericho resource and infill of high-priority areas of the Jericho resource was completed in September 2023. A total of 38 diamond holes for 9,334m and 42 reverse circulation (RC) holes for 7,357m were completed. All of the assay results have now been received. The aim of the drilling was to: Convert higher-grade areas of the Inferred Resource above the -100mRL to Indicated Resource category via a drill spacing of 50m by 50m; Investigate strike extensions, both north and south, along the J1 and J2 Lenses; Test the down-plunge continuation of the high-grade Jumbuck shoot; and Test the Jericho North target. All of these aims have been achieved. The results will be used to update the Jericho Mineral Resource and Ore Reserves estimates and also further optimise the current mine plan. Jumbuck: Resource extension drilling has successfully traced the high-grade Jumbuck shoot a further 200m down-plunge. Significant intercepts include: JEDD024 - 5.5m (3.8m ETW) grading 1.45% Cu, 0.19g/t Au and 2.07g/t Ag from 506.55m; and JEDD034 - 7.4m (4.8m ETW) grading 3.30% Cu, 0.44g/t Au and 4.45g/t Ag from 487.85m The Jumbuck shoot is now defined to a vertical depth of 500m below surface and remains open at depth. In addition, resource definition drilling at Jumbuck has successfully extended the zone of high-grade mineralisation below the current Ore Reserve limits. Significant intercepts include: JEDD030 - 6.5m (4.5m ETW) grading 2.65% Cu, 0.67g/t Au and 4.07g/t Ag from 246.0m; JEDD031 - 5.6m (3.1m ETW) grading 2.50% Cu, 0.32g/t Au and 2.34g/t Ag from 254.65m; JERC041 - 6.0m (3.8m ETW) grading 2.70% Cu, 0.96g/t Au and 2.68g/t Ag from 75m; and JERC042 - 5.0m (2.7m ETW) grading 3.10% Cu, 2.91g/t Au and 4.80g/t Ag from 102m. Squatter: Drilling between the Jumbuck and Matilda shoots has returned high-grade results. In particular, the area south of Matilda and above the 0mRL has returned several high-grade intercepts, within a larger mineralised envelope, defining what is now termed the Squatter shoot. Significant intercepts include: JERC032 - 3.0m (2.2m ETW) grading 2.50% Cu, 0.51g/t Au and 2.33g/t Ag from 132m; and JERC033 - 3.0m (2.0m ETW) grading 3.50% Cu, 0.30g/t Au and 3.17g/t Ag from 168m. Billabong: Resource definition drilling of the Billabong shoot has extended the higher-grade zone above the 0mRL and also intersected thicker zones of mineralisation. Significant intercepts include: JERC034 - 18.0m (10.5m ETW) grading 1.40% Cu, 0.11g/t Au and 1.76g/t Ag from 133m; including 3.0m (2.4m ETW) grading 2.30% Cu, 0.13g/t Au and 3.0g/t Ag from 148m; JERC035 - 2.0m (1.4m ETW) grading 2.40% Cu, 0.33g/t Au and 2.95g/t Au from 204m; JERC037 - 10.0m (6.9m ETW) grading 1.30% Cu, 0.28g/t Au and 1.41g/t Ag from 160m; and including 2.0m (1.3m ETW) grading 2.90% Cu, 0.38g/t Au and 3.20g/t Ag from 165m.공시 • Nov 29AIC Mines Limited Reports Updated Mineral Resource and Ore Reserve (‘Mror’) Estimates for the Lens 6 Deposit At Its Eloise Copper MineAIC Mines Limited reported updated Mineral Resource and Ore Reserve (‘MROR’) estimates for the Lens 6 deposit at its Eloise Copper Mine. Lens 6 Mineral Resources: Since reporting the initial Lens 6 MROR estimate as at 31 December 2022, AIC Mines has completed another 39 drillholes for 7,818 metres. The drilling has extended the high-grade mineralisation by 200m above the 31 December 2022 Mineral Resource limits and has delivered a significant increase in the Mineral Resource. The Lens 6 Mineral Resources have increased to 34,200 tonnes of contained copper and 27,100 ounces of contained gold, representing a 74% increase in copper and a 56% increase in gold compared to the 31 December 2022 estimate. Lens 6 Ore Reserves: Similar to the outcome with Mineral Resources, infill drilling at Lens 6 has delivered a significant increase in the Ore Reserve estimate in terms of ore tonnes and contained copper, gold and silver. The Ore Reserves for Lens 6 have increased to 22,300 tonnes of contained copper and 18,100 ounces of contained gold, representing a 119% increase in copper and a 101% increase in gold compared to the 31 December 2022 estimate. Ongoing Exploration and Resource Definition Drilling: The Lens 6 Mineral Resource remains open up and down dip. There is no drilling between the top of the Lens 6 resource (z200 Level) and the Levuka Upper zone (100mRL), a gap of 300m vertical metres. AIC Mines has planned a step-out drill program, on 100m spacings, to test the up-dip continuation of the Lens 6 mineralisation as well as DHEM (Down Hole Electromagnetic) surveys. This campaign is scheduled to be drilled from drill platforms on the 0m Level and z100 Level during the second half of Fiscal Year 24. Ongoing evaluation of the Eloise drillhole database continues to identify opportunities for Mineral Resource and Ore Reserve growth. AIC Mines currently has two drill rigs underground at Eloise. One rig is dedicated to exploration drilling to the east and west of the mine workings. The other rig is focused on Mineral Resource and Ore Reserve definition drilling. Lens 6 demonstrates the potential for additional mineralisation in the east and west corridors. The in-mine EM loop, currently under construction at Eloise, will be a rapid, cost-effective way of testing large undrilled areas deeper in the mine for parallel lenses and structural offsets of known lenses. Underground Development and Mine Planning: Underground development into Lens 6 commenced in September 2023 from the z275 and z305 Levels and first development ore was mined in October 2023. A total of 157m of access and ore development has since been completed. Being immediately adjacent to active mine workings, no new capital infrastructure is required for Lens 6 development and production. The Lens 6 mining method will be a bottom-up modified Avoca method upwards from the z305 and longitudinal sublevel caving method downward from z305 post completion of the upward sequence. The selected stoping methods provide operational flexibility given the deposit is open both up and down dip. Stoping in Lens 6 is due to commence in the June 2024 Quarter.분석 기사 • Nov 14Revenues Working Against AIC Mines Limited's (ASX:A1M) Share PriceYou may think that with a price-to-sales (or "P/S") ratio of 1.2x AIC Mines Limited ( ASX:A1M ) is definitely a stock...분석 기사 • Oct 10Is AIC Mines (ASX:A1M) Using Debt Sensibly?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...공시 • Sep 27AIC Mines Limited, Annual General Meeting, Nov 22, 2023AIC Mines Limited, Annual General Meeting, Nov 22, 2023.Recent Insider Transactions • Aug 29Independent Non-Executive Director recently bought AU$156k worth of stockOn the 24th of August, Brett Montgomery bought around 443k shares on-market at roughly AU$0.35 per share. This transaction increased Brett's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$205k more in shares than they have sold in the last 12 months.Price Target Changed • Aug 24Price target increased by 10% to AU$0.71Up from AU$0.64, the current price target is an average from 3 analysts. New target price is 122% above last closing price of AU$0.32. Stock is down 37% over the past year. The company is forecast to post earnings per share of AU$0.017 next year compared to a net loss per share of AU$0.015 last year.New Risk • Aug 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$152.6m (US$98.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 13% per year for the foreseeable future. High level of non-cash earnings (183% accrual ratio). Minor Risks Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (AU$152.6m market cap, or US$98.5m).Price Target Changed • Jul 31Price target increased by 31% to AU$0.83Up from AU$0.63, the current price target is an average from 3 analysts. New target price is 112% above last closing price of AU$0.39. Stock is down 6.0% over the past year. The company is forecast to post a net loss per share of AU$0.024 compared to earnings per share of AU$0.14 last year.Major Estimate Revision • Jul 21Consensus EPS estimates fall by 76%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AU$130.3m to AU$128.9m. Losses expected to increase from AU$0.018 per share to AU$0.031. Metals and Mining industry in Australia expected to see average net income decline 0.4% next year. Consensus price target of AU$0.63 unchanged from last update. Share price was steady at AU$0.39 over the past week.분석 기사 • May 15Is AIC Mines Limited (ASX:A1M) Worth AU$0.4 Based On Its Intrinsic Value?Key Insights Using the 2 Stage Free Cash Flow to Equity, AIC Mines fair value estimate is AU$0.33 Current share price...Major Estimate Revision • Apr 29Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AU$142.8m to AU$132.4m. Now expected to report a loss of AU$0.01 per share instead of AU$0.019 per share profit previously forecast. Metals and Mining industry in Australia expected to see average net income growth of 2.2% next year. Consensus price target down from AU$0.68 to AU$0.63. Share price rose 2.5% to AU$0.41 over the past week.Major Estimate Revision • Mar 31Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AU$148.0m to AU$143.3m. EPS estimate also fell from AU$0.02 per share to AU$0.015 per share. Net income forecast to shrink 74% next year vs 6.7% growth forecast for Metals and Mining industry in Australia . Consensus price target of AU$0.68 unchanged from last update. Share price rose 4.8% to AU$0.44 over the past week.Major Estimate Revision • Feb 22Consensus EPS estimates fall by 41%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.055 to AU$0.032. Revenue forecast unchanged from AU$151.4m at last update. Net income forecast to shrink 67% next year vs 1.9% decline forecast for Metals and Mining industry in Australia. Consensus price target down from AU$0.70 to AU$0.68. Share price fell 5.5% to AU$0.43 over the past week.Major Estimate Revision • Feb 09Consensus EPS estimates increase by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from AU$0.058 to AU$0.067. Revenue forecast steady at AU$151.4m. Net income forecast to shrink 55% next year vs 1.8% decline forecast for Metals and Mining industry in Australia. Consensus price target down from AU$0.71 to AU$0.70. Share price fell 3.1% to AU$0.47 over the past week.Major Estimate Revision • Feb 07Consensus EPS estimates increase by 29%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from AU$0.058 to AU$0.074. Revenue forecast unchanged at AU$151.6m. Net income forecast to shrink 54% next year vs 1.8% decline forecast for Metals and Mining industry in Australia. Consensus price target of AU$0.71 unchanged from last update. Share price rose 8.9% to AU$0.49 over the past week.공시 • Feb 06AIC Mines Limited Announces Results of Its Re-Estimate of the Jericho Mineral ResourceAIC Mines Limited announce the results of its re-estimate of the Jericho Mineral Resource following completion of the takeover of Demetallica Limited (‘Demetallica’). The AIC Mines estimate uses a higher cut-off grade than that used by Demetallica (1.0% Cu compared to 0.85% Cu) and is constrained within optimised stope shapes to better reflect the proposed mining method. The new estimate is more robust and better suited to mine planning. The outcome is in-line with expectations based on work previously conducted by AIC Mines as part of its acquisition due diligence. Jericho Mineral Resources are estimated at 9.8 million tonnes grading 1.8% copper and 0.4g/t gold containing 180,000 tonnes of copper and 110,600 ounces of gold. The Mineral Resource remains open both along strike and depth. The Mineral Resource is constrained by drilling to a vertical depth of 550m below surface. This compares to the Eloise deposit which is known to extend to 1,800m below surface. Jericho plus Eloise combined Mineral Resources now total 14.6 million tonnes grading 2.0% copper and 0.6g/t gold containing 295,000 tonnes of copper and 210,700 ounces of gold. Having received full access to the Jericho drillhole database following completion of the takeover of Demetallica, AIC Mines has completed a new Mineral Resource estimate using similar estimation practices and assumptions to those used at its Eloise mine. The Jericho deposit is located approximately 4km south of the Eloise mine and exhibits similar geological, mining and metallurgical characteristics to the Eloise mine. The Mineral Resource estimate is based on a long-term copper price of AUD 10,500/t and is reported and classified in accordance with the JORC Code (2012). The Jericho Mineral Resource has a strike length of over 2.3 kilometres, commencing at 50m below the surface level (BSL) and extends to a vertical depth of 550m BSL. High grade mineralisation (>2% Cu) has a shallow 30O north plunge and is open at depth. There is opportunity to extend the high-grade mineralisation along strike and at depth with additional drilling. Compared to the previous Mineral Resource Estimate conducted by Demetallica, the AIC Mines Mineral Resource Estimate contains less tonnes at a higher grade for an overall slight decrease in contained copper, gold and silver. The differences between the two estimates are due to: · An economic cut-off grade of 1% Cu was used for the new estimate. The previous estimate used an economic cut-off grade of 0.85% Cu. · Reassessment of the geological interpretation using the same structural framework observed and mined at the Eloise underground mine, resulted in mineralised lenses being more tightly constrained. · Datamine MSO stope optimiser software was used to identify resource blocks that met the criteria of reasonable prospect for eventual economic extraction (RPEEE). This was not undertaken previously. · Evaluation of minimum mining width. This was not undertaken previously. Development of the Jericho deposit will be transformational for Eloise. It offers the potential to: · increase mine life to over 10 years · increase annual production to over 20,000t Cu and 10,000oz Au in concentrate (a 60% increase on current production rate) · reduce reliance on the Eloise Deeps thereby de-risking ore production · reduce AISC through economies of scale Environmental permitting work has commenced. This work is being led by specialist consultants Epic Environmental in partnership with Engeny. Mining studies to commence this week following the engagement of Orelogy Ltd. A processing plant expansion optimisation study is due to commence shortly following the engagement of GR Engineering Services. The aim of the optimisation study is to decide the optimum processing plant expansion (from current 750ktpa capacity) expected to be in the range of 1.0 - 1.4Mtpa. Current expectations are that development of the Jericho mine could commence early in CY24 with first ore accessed early in CY25. AIC Mines is however closely monitoring the current operating environment and cost inflation pressures to decide the best timing and strategy for developing the Jericho mine and expanding the Eloise processing plant. A program of resource definition (infill) and extension drilling is being planned for Jericho. Resource definition drilling to upgrade Inferred Resources to Indicated Resources will provide a larger base for ultimate conversion to Probable Reserves. Extension drilling is expected to extend the known high-grade lenses at depth and drilling along strike has the potential to locate additional high-grade lenses. The Jericho resource is currently constrained by drilling to a vertical depth of 550m below surface. This compares to the Eloise deposit which is known to extend to 1,800m below surface. There is approximately 7.8Mt of Mineral Inventory at Jericho (above a 1% Cu cut-off and within optimised stope shapes) that is insufficiently drilled to qualify as Inferred Resource. This inventory provides an excellent opportunity to extend the Jericho Mineral Resource with infill drilling.공시 • Jan 31AIC Mines Limited Announces Management ChangesAIC Mines Limited announced the appointment of Ms. Linda Hale as a Non-Executive Director of the company effective 1 February 2023. Ms. Hale has more than 30 years' experience in the financial services and mining sectors. Previous roles have included Executive Director of Finance and Administration, Company Secretary and consulting in organisational change and project management. Ms. Hale holds a Bachelor of Business Degree, is a Member of CPA Australia and a Member of The Australian Institute of Company Directors. Ms. Hale has resigned as AIC Mines' Company Secretary, effective January 31, 2023, having served in that role since February 2020. The company also announced that Mr. Tony Wolfe has advised that he will retire as a Director of the Company effective from today. Mr. Wolfe has been a Non- Executive Director since November 2016 (initially Intrepid Mines Limited).Major Estimate Revision • Jan 24Consensus EPS estimates increase by 24%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from AU$160.4m to AU$151.5m. EPS estimate rose from AU$0.07 to AU$0.087. Net income forecast to shrink 31% next year vs 1.2% growth forecast for Metals and Mining industry in Australia . Consensus price target broadly unchanged at AU$0.73. Share price was steady at AU$0.49 over the past week.Major Estimate Revision • Dec 07Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate fell from AU$0.08 to AU$0.07. Revenue forecast unchanged from AU$151.2m at last update. Net income forecast to shrink 43% next year vs 0.3% growth forecast for Metals and Mining industry in Australia . Consensus price target of AU$0.71 unchanged from last update. Share price fell 4.3% to AU$0.45 over the past week.공시 • Dec 05AIC Mines Limited Announces Drilling Results from Lamil Gold-Copper ProjectAIC Mines Limited announced assay results from diamond and reverse circulation ("RC") drilling at the Lamil Gold-Copper Joint Venture Project located 30 kilometres west of the Telfer Gold-Copper Mine in the highly prospective Paterson Province of Western Australia. Lamil Joint Venture (50% AIC Mines) The Lamil Gold-Copper Project is located in the Paterson Province in the northwest of Western Australia, 500 kilometres east of Port Hedland. AIC Mines and Rumble Resources each hold a 50% joint venture interest in the project. The Paterson Province is one of the most highly endowed yet under-explored mineral provinces in Australia. It hosts the world-class Telfer Gold-Copper Mine and the Nifty Copper Mine and significant copper-gold discoveries at Winu and Havieron. The project covers an area of 1,280km² capturing a covered belt of Yeneena Supergroup rocks (which host mineralisation at both the Telfer and Nifty mines) bound by two deep penetrating, belt parallel NNW trending structures. Diamond Drilling: At the Goodenia Prospect, a 697m hole was drilled to test a coincident magnetic and gravity anomaly underlying elevated base metal anomalism. Intervals of zinc and lead mineralization were intersected down the length of the hole. Significant intersections include: 3m grading 0.1% Pb and 0.016% Zn from 186m; 6m grading 0.09% Zn and 0.03% Pb from 322m; Including 0.5m grading 0.14% Zn and 0.063% Pb from 323.5m; 6m grading 0.21% Zn and 0.09% Pb from 474m; Including 1m grading 0.34% Zn and 0.14% Pb from 476m; and 3m grading 0.074% Zn and 0.03% Pb from 565m. Mineralisation is typically in the form of sphalerite and galena occurring as coarse-grained disseminations and in carbonate veins associated with strong dolomitic alteration of a siltstone to sandstone package. An increase in disseminated pyrite, accounting for 5% to 10% of the core, is associated with the mineralisation (at approximately 400m down hole) with the appearance of pyrrhotite with dolomite alteration below approximately 560m. These dolomite-sulphide zones appear to correlate strongly with the gravity anomalism. 50% of the drilling costs were funded by a Western Australian Government Exploration Incentive Scheme (EIS) grant. A total of four diamond holes were completed along the eastern flank of the Lamil Dome Prospect with the aim of vectoring toward copper sulphide mineralisation associated with the contact zone of extensive mafic intrusives. Two holes tested the down dip extent of the contact zone between 21ALRC0054, which returned 1m grading 2.26% Cu and 51ppb Au from 90m, and 20ALDD0006, which returned 1.4m grading 0.05% Cu. The two other holes testing the northern extension of the flank. The two holes following up the better results continued to return elevated copper and gold over narrow intervals, as detailed below: Hole 22ALDD0008; 1m grading 0.11% Cu from 80m; and 2m grading 0.02% Cu from 505m Hole 22ALDD0009. 0.65m grading 0.05% Cu from 139.6m; and 0.7m grading 0.09% Cu and 0.1% Pb from 207.3m Drilling has now demonstrated the eastern flank of the Lamil Dome Prospect is composed of several mafic intrusive bodies which appear to narrow to the north and south. Drilling has defined a central zone of notable intervals over about 2 kilometres of strike associated with strong alteration. Down-hole electromagnetic surveys ("DHEM") conducted in holes 22 ALDD008 and 22ALDD009, did not detect any conductors. Reverse Circulation Drilling: At the Sundew Prospect, six holes on a 750m spacing were drilled to test for potential Telfer style gold-copper mineralisation beneath a multi-element soil anomaly. This anomaly coincided with an interpreted antiform composed of the prospective Malu and Isdell formation rocks (including the Telfer Member host to the Telfer Gold mine), adjacent to the regionally significant Parallel Fault. Intervals of elevated copper and gold where intersected in three holes closest to the axis of the antiform, as detailed below. Hole 22ALRC0095; 5m grading 0.13% Cu from 152m; and 3m grading 0.16% Cu from 160m Hole 22ALRC0098; 8m grading 0.03% Cu from 112 Hole 22ALRC0099; 4m grading 0.02% Cu from 176m. At the Flame Pea South Prospect, twelve holes were completed testing significant magnetic anomalies on the western limb of an interpreted regionally extensive anticline. Two holes targeting a discrete magnetic anomaly under Permian cover at the southern portion of the targets intersected elevated copper and gold, as detailed below: Hole 22ALRC0111. 1m grading 0.04% Cu from 120 Hole 22ALRC0113. 40m grading 0.04% Cu from 120m; Including 4m grading 0.12% Cu from 128m. The broad interval in 22ALRC0113 is hosted by a zone of intense albite and hematite alteration within a mafic unit, suggesting the magnetic anomaly is related to an extensive mafic intrusive, analogous perhaps to the Lamil Dome eastern flank. Lamil Joint Venture. AIC Mines has completed its expenditure requirements to earn a 50% interest in the project and has not elected to continue sole funding. AIC Mines and joint venture partner Rumble Resources ("Rumble") each now hold a 50% interest and contribute equally to exploration expenditure. The key terms of the earn-in and exploration joint venture agreement.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Brett Montgomery was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.분석 기사 • Nov 12Are Investors Undervaluing AIC Mines Limited (ASX:A1M) By 39%?How far off is AIC Mines Limited ( ASX:A1M ) from its intrinsic value? Using the most recent financial data, we'll take...Major Estimate Revision • Oct 21Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from AU$0.07 to AU$0.08. Revenue forecast steady at AU$155.1m. Net income forecast to shrink 52% next year vs 4.9% decline forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.71 to AU$0.73. Share price fell 5.1% to AU$0.47 over the past week.공시 • Oct 13AIC Mines Limited Provides Update on Surface Exploration Drilling at its Eloise Copper Mine in North QueenslandAIC Mines Limited provided an update on surface exploration drilling at its Eloise Copper Mine in North Queensland. A review of geophysical surveys and mineral alteration information along the West and East Corridors at Eloise indicated the potential for copper mineralization to continue to the north, below the limits of the historical drilling. As such, AIC Mines has embarked on an exploration drilling program to test the northern extents of the West and East Corridors. Five holes for 2,554m have been drilled, consisting of four holes drilled on 100m spacings at the Macy North target (West Corridor) and one hole along at the Elrose-Levuka North target (East Corridor. Exploration drilling into a sparsely drilled area has intersected copper mineralization up to 250m north of the Macy Mineral Resource limits. Drilling at the Macy North target identified mineralization of mineable grades and widths within 100m of current underground development. Significant intercepts were returned from the Macy North target, including: MAE001A - 4 0m grading 2.52% Cu and 0.5g/t Au from 462m. MAE001A - 3.6m grading 1.14% Cu and 0.1g/t Au from 509.4m. MAE001A - 2.3m grading 1.20% Cu and 0.1g/t Au from 533m. MAE002 - 5.4m grading 1.45% Cu and 0.4g/t Au from 420.5m. MAE002 - 2.6m grading 1.11% Cu and 0.2g/t Au from 429.5m. MAE002 - 2.0m grading 1.31% Cu and 0.2g/t Au from 436m. MAE003 - 1.0m grading 1.37% Cu and 3.5g/t Au from 297m. MAE003 - 1.0m grading 1.50% Cu and 0.04g/t Au from 385m. MAE003 - 1.0m grading 2.23% Cu and 0.5g/t Au from 465.8m. Ongoing step-out and resource definition drilling is expected to extend the Macy Mineral Resource. No significant copper mineralization was intersected on the East Corridor however alteration and iron sulphides, typically associated with mineralization at Eloise, were observed in drill core suggesting the mineral system continues to the north. Further exploration drilling on the East Corridor is required to understand mineralization potential. Importantly a coincident magnetic and gravity high remains untested.공시 • Oct 10AIC Mines Limited Appoints Audrey Ferguson as General Counsel and Joint Company SecretaryAIC Mines Limited announced the appointment of Audrey Ferguson as General Counsel and Joint Company Secretary. Audrey is a qualified solicitor, an experienced company secretary and a graduate of the Australian Institute of Company Directors. She has more than 25 years' experience in legal and company secretarial roles. Most recently she was General Counsel and Company Secretary for Bindaree Food Group. Prior to this role she held a range of legal and corporate roles with Rio Tinto in London and Sydney across the copper, diamonds, minerals and energy businesses. Following Audrey's appointment, both Linda Hale and Audrey Ferguson will be Joint Company Secretaries. For the purposes of Listing Rule 12.6, Audrey Ferguson will be responsible for communication with the ASX in relation to listing rule matters, effective immediately.공시 • Oct 08AIC Mines Limited, Annual General Meeting, Nov 25, 2022AIC Mines Limited, Annual General Meeting, Nov 25, 2022.공시 • Sep 30AIC Mines Limited Provides an Update on Exploration Drilling at its Eloise Copper Mine in North QueenslandAIC Mines Limited provided an update on exploration drilling at its Eloise Copper Mine in North Queensland. A near-mine exploration program in the Deeps area comprising of 14 holes for 3,700m is in progress at the Eloise mine. The aim of the program is to test for a repetition of the mine sequence to the east of the eastern amphibolite. Mineralisation at Eloise is hosted within a strongly foliated meta-sedimentary sequence comprising arenites and schists (the mine sequence). The meta-sedimentary sequence also contains a coarse-grained amphibolite, possibly representing an early intrusion of gabbroic composition, that is not mineralised. To date, 8 holes for a total of 2,062.3 m have been drilled. All holes were collared from the Deeps z275mRL access (1,465m below surface level) and were spaced 50m apart. Drilling has intersected a high-grade copper-gold lens (Lens 6) located approximately 150m northeast and 100m below the current Deeps mining level (z305mRL). Significant intercepts include: ED226 27.6m (20.7m ETW) grading 4.14% Cu, ED227 5.2m (3.9m ETW) grading 1.89% Cu and 1.23g/t Au, ED227 2.1m (1.5m ETW) grading 2.24% Cu and 1.05g/t Au, ED227 1.9m (1.4m) grading 2.52% Cu and 1.30g/t Au, ED228A 2.2m (1.6m ETW) grading 2.30% Cu, ED228A 4.0m (3.0m ETW) grading 1.94% Cu, ED228A 15.8m (11.8m ETW) grading 1.87% Cu, ED228A 2.1m (1.6m ETW) grading 1.60% Cu, ED229 7.3m (5.5m ETW) grading 1.54% Cu, ED229 4.4m (3.3m ETW) grading 1.97% Cu, ED230 10.2m (7.7m ETW) grading 3.44% Cu, ED230 2.0m (1.5m ETW) grading 1.59% Cu, ED232 24.5m (18.3m ETW) grading 4.41% Cu and ED232 2.9m (2.2m ETW) grading 2.42% Cu. Further information on the collar coordinates and assay results is reported in Appendix 1 and 2, included at the end of this announcement. Prior to the current drilling program, the Lens 6 area had not been methodically tested. Only four holes had been drilled east of the eastern amphibolite over a 500m vertical extent. The Lens 6 mineralisation remains open up and down dip and along strike. Mineralised zones at Eloise occur as steeply plunging lenticular bodies with strike lengths typically between 100m and 200m and attaining a maximum width of 25m. The main zone of mineralisation (Levuka-Eloise Deeps) demonstrates continuity down plunge over 1,500m and remains open at depth.Major Estimate Revision • Sep 20Consensus EPS estimates increase by 61%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from AU$147.6m to AU$151.6m. EPS estimate increased from AU$0.04 to AU$0.07 per share. Net income forecast to shrink 51% next year vs 3.4% decline forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.69 to AU$0.71. Share price was steady at AU$0.49 over the past week.공시 • Sep 15AIC Mines Limited Announces Drilling Commences at the Marymia Gold & Copper Project, WAAIC Mines Limited provided an update on exploration activity at its Marymia Gold and Copper Project located 200km north of Meekatharra in Western Australia. Marymia Project (predominantly 100% owned tenements) AIC Mines holds over 2,171km2 of tenure located about 790 kilometres northeast of Perth on the northern margin of the Yilgarn Craton. The project includes 100% owned tenements and a joint venture with Venus Metals Corporation Limited. The Marymia Project is prospective for both gold and copper deposits. It is strategically located within trucking distance of the Plutonic Gold Mine and the DeGrussa Copper Mine. Drilling: The Copper Hills Belt (100% AIC Mines) is an interpreted preserved portion of Paleoproterozoic basin rocks, equivalent to the Bryah or Padbury basins, accreted to the northern margin of the Archean Plutonic Marymia Greenstone Belt (PMGB). A program of wide-spaced RC drilling was completed in 2021 testing for primary copper sulphide mineralisation below an historical seven kilometre trend of copper oxide mineralisation. The drilling confirmed the presence of copper sulphide mineralisation associated with quartz-sulphide stockwork veins in a package of mafic and felsic schists. An RC drilling program of 6 holes for approximately 2,000m will follow-up the anomalous intersections returned from the previous drilling program. A diamond drillhole, to test the continuation of mineralisation down dip of that intersected in RC drill hole 21ACHC007, has recently been completed with assay results awaited. Diamond drilling costs of up to $150,000 (50% of drilling costs) will be funded by a Western Australian Government Exploration Incentive Scheme (EIS) grant. At the Black Hills Prospect (100% AIC Mines) an initial program of RC drilling will follow-up an isolated historical diamond drill hole that intercepted 5m grading 2.67g/t gold from 349m. Drilling will determine the extent of mineralisation both up-dip and along strike of the intercept, which is interpreted as being hosted in the Plutonic Mine Sequence Mafic, the same rocks which host the multi-million ounce Plutonic Gold Mine (owned by Superior Gold Inc). The prospect is located approximately six kilometres to the southeast of the Plutonic Mine, where the mine sequence is interpreted to continue on a north-south trend under overthrust granite. At Middle Island (100% AIC Mines) a program of five RC drillholes for 1,000m is planned to follow-up gold anomalism in 21AMIC005, which returned a peak value of 1m grading 1.12g/t gold from the oxide zone. The drilling will also aim to test if mineralisation is associated with a major NW trending fault and an interpreted area of magnetite destruction, which is often associated with orogenic gold deposits. Geophysics: Ground gravity surveys are also being acquired at the Doolgunna North area, which lies at the southern end of the Plutonic Marymia Greenstone Belt (PMGB), and at the Minnee Target, which lies to the east of the PMGB. The surveys are infilling the wider four kilometre spaced government data with 400m by 400m spaced stations covering an area of 230km2 centred on the Doolgunna North target and 154km2 at Minnee. Data will be used for targeting the greenstones under granite at Doolgunna North and under younger Paleoproterozoic rocks at Minnee.공시 • Aug 22AIC Mines Limited Announces Increase in Mineral Resources and Ore Reserves At Eloise Copper MineAIC Mines Limited announced the Eloise Copper Mine annual Mineral Resources and Ore Reserves (MROR) estimates as at 30 June 2022. Mineral Resources have increased to 115,000 tonnes of contained copper and 101,100 ounces of contained gold, representing an 11% increase in copper and a 7% increase in gold year-on-year net of mining depletion. Ore Reserves have increased to 36,000 tonnes of contained copper and 32,600 ounces of contained gold, representing a 19% increase in copper and a 22% increase in gold year-on-year net of mining depletion. Resource definition drilling conducted by AIC Mines since taking ownership of the Eloise Copper Mine in November 2021 has successfully increased the Mineral Resource estimate year-on-year in terms of resource tonnes and contained copper, gold and silver. The majority of the increase has been in the Deeps area (Elrose Levuka South - Lower) and from inclusion of the Emerson deposit. Total Mineral Resource tonnes have increased by 7%, contained copper by 11% and contained gold by 7% year-on-year net of mining depletion. The major changes from the Mineral Resource estimate as at 30 June 2021 to the current estimate include: Additions of 1,378,000t grading 2.3% Cu contributed by: New mineralisation intersected during resource definition drilling in the Elrose Levuka South upper areas of approximately 497,200t grading 2.8% Cu. Reassessment of the geological interpretation in the Emerson area adding approximately 880,800t grading 2.0% Cu. Decreases of 1,069,000t grading 1.9% Cu were the result of: Mining depletion of 594,000t grading 2.1% Cu. Reassessment of the geological interpretation following resource definition drilling in the Macy and Elrose Levuka North. Geotechnical and geological reassessment of the Elrose Levuka South Lower located within geotechnical stress zones close to the sublevel cave. Ore Reserves: Similar to the outcome with Mineral Resources, infill drilling and mine planning evaluation has successfully increased the Ore Reserve estimate year-on-year in terms of ore tonnes and contained copper, gold and silver. The majority of the increase has been in the Deeps area (Elrose Levuka South - Lower). Total Ore Reserve tonnes have increased by 8%, contained copper by 19% and contained gold by 22% year-on-year net of mining depletion of 594,000t grading 2.1% Cu and 0.7g/t Au. The major changes from the Ore Reserve estimate as at 30 June 2021 to the current estimate include: The break-even cut-off grades for longhole stopes was calculated at 1.4% Cu for the upper (above 0mRL) and 1.6% Cu for the lower zones (below 0mRL), compared to 1.0% Cu and 1.5% Cu used for the 30 June 2021 Ore Reserve estimate. The break-even cut-off grade for the SLC was estimated at 1.6% Cu compared to 1.5% Cu estimated for the 30 June 2021 Ore Reserve estimate. Infill drilling in Elrose Levuka South "Deeps" added 316,700t grading 3.1% Cu. This has enabled a detailed mine plan and schedule to be extended 3 years ahead of the current production level. Production from the upper areas (above 0m RL) outpaced the rate of infill drilling resulting in a decrease of 214,700t grading 2.0% Cu in the Macy and Levuka North and South areas. Drilling is currently underway in the Macy area to address this.공시 • Aug 08AIC Mines Limited Provides an Update on Exploration Activity At Its Lamil Gold-Copper ProjectAIC Mines Limited provided an update on exploration activity at its Lamil Gold-Copper Project located 3 kilometres west of the Telfer Gold-Copper Mine in the highly prospective Paterson Province of Western Australia. Overview · A 5,000m program of reverse circulation (RC) drilling has recently commenced at the Lamil Project. · The drilling will test four previously undrilled targets. The Sundew, Flame Pea North and Flame Pea South targets will be tested for copper-gold mineralisation proximal to major regional structures. The Foxtail target will be tested for Nifty- style copper mineralisation. The diamond drilling program that commenced in June at Lamil is almost complete. Four diamond holes for 1,584m have been completed at the Lamil Dome Prospect. Drilling is currently underway at the Goodenia target and once completed the rig will move to the final hole of the program at the Firebush target. AIC Mines has recently met the expenditure requirement to earn a 50% interest in the Lamil Project from Rumble Resources Limited ("Rumble"). Rumble can now elect to form a joint venture in which AIC Mines and Rumble will each hold a 50% interest and contribute equally to exploration expenditure moving forward. If Rumble does not elect to form the joint venture, then AIC Mines can elect to earn an additional 15% interest by sole funding a further $4 million in exploration expenditure within 12 months.공시 • Aug 03AIC Mines Limited Provides an Update on Resource Definition Drilling and Exploration Drilling At Its Eloise Copper Mine in North QueenslandAIC Mines Limited provided an update on resource definition drilling and exploration drilling at its Eloise Copper Mine in North Queensland. Initial exploration drilling at the Macy North and Elrose Levuka North targets has been completed. Three holes tested for extensions of mineralisation to the north of the Macy resource (Macy North) and one hole tested the northern extension of the Elrose Levuka trend. Sulphide mineralisation was intersected in all four holes. A resource definition drilling program in the Macy area, comprising of 42 holes for approximately 5,000m, is in progress. To date, 25 holes for a total of 3,130.4m have been drilled. All holes are being collared off the Macy 700 Access (700m RL or 500mBSL). Drilling has been conducted on a 25m x 25m spacing. Results received to date have confirmed the continuity of the high-grade mineralisation in the Macy area and will upgrade the Mineral Resource from Inferred to Indicated category. An exploration drilling program has been completed at the Macy North and Elrose Levuka North targets. Three holes for 1,933.3m were drilled at Macy North and one hole for 366.4m was drilled at Elrose Levuka North. The aim of the program was to test for extensions of mineralisation to the north of the Macy resource and to test the northern extension of the Elrose Levuka trend. Sulphide mineralisation (pyrrhotite and chalcopyrite) was intersected in all holes. The mineralisation and alteration style intersected at Macy North are similar in character to the five lenses that are being mined in the Macy resource area. The presence of a well-developed alteration envelope with chalcopyrite has confirmed the continuation of mineralisation up to 270m north of the current Mineral Resource limits at Macy.Price Target Changed • Jul 14Price target decreased to AU$0.68Down from AU$0.73, the current price target is an average from 2 analysts. New target price is 54% above last closing price of AU$0.44. Stock is up 63% over the past year. The company is forecast to post earnings per share of AU$0.12 for next year compared to AU$0.023 last year.공시 • Jun 25AIC Mines Limited Announces Drilling Results from Eloise DeepsAIC Mines Limited reported that resource definition drilling in the Eloise Deeps area at the Company's Eloise Copper Mine continues to intersect high-grade mineralisation 75m below the low current mining level. In addition, initial observations from exploration drilling at the Macy North target are promising. Resource Definition Drilling Eloise Deeps: A resource definition drilling program in the Eloise Deeps zone, consisting of 26 holes for a total of 5,091m is in progress. All holes are being collared at the base of the decline (-315m RL or 1,505mBSL). The aim is to upgrade the resource confidence from inferred to indicated, up to 100 vertical metres below the low mining level at the z305mRL, representing the next four production levels of the sublevel cave. The program is being drilled in two phases. Phase 1 provides 50 x 50m drill spacing down to z405mRL, and 25 x 25m spacing for the next production level, z330mRL. Phase 2 provides the remaining infill drilling to complete 25 x 25m drill spacing down to the z405mRL. Phase 1 drilling is complete and Phase 2 is in progress. A drill spacing of 25 x 25m has been achieved down to the z380mRL, representing completion of drilling for the next three levels of the sublevel cave. Copper assays have been received for all of the Phase 1 holes. The results have confirmed the down plunge continuity of the high-grade mineralisation up to 75m below the base of the Indicated Resource. Recently received significant intercepts include: ED208 - 2.6m (2.5m ETW) grading 1.74% Cu and 0.34g/t Au; ED208 - 3.0m (2.9m ETW) grading 2.21% Cu and 0.26g/t Au; ED208 - 2.6 m (2.5m ETW) grading 2.72% Cu and 1.35g/t Au; ED209 - 18.5m (18.0m ETW) grading 3.42% Cu and 0.60g/t Au; ED209 - 4.9m (4.78m ETW) grading 3.46% Cu and 2.44g/t Au; ED210 - 29.7m (28.9m ETW) grading 4.01% Cu; ED210 - 4.7m (4.6m ETW) grading 3.21% Cu; ED211 - 2.0m (1.9m ETW) grading 1.70% Cu; ED212 - 4.1m (3.9m ETW) grading 3.58% Cu; ED212 - 11.0m (10.7m ETW) grading 2.94% Cu; and ED212 - 10.0m (9.80m ETW) grading 2.18% Cu. Exploration Drilling Macy North: Surface exploration drilling is currently underway at the Macy North target. Two holes for 1,150m have been completed and a third is in progress. Assay results for these holes are pending. Sulphide mineralisation (pyrrhotite and chalcopyrite) within zones of carbonate-silica-chlorite alteration was intersected in both holes. The mineralisation and alteration style are similar in character to the five lenses within the mineralised corridor that are being mined in the Macy resource area. The presence of a well-developed alteration envelope with chalcopyrite has confirmed the continuation of mineralisation up to 270m north of the current Mineral Resource limits.공시 • Jun 23AIC Mines Limited Announces Drilling Commences At the Lamil Gold-Copper ProjectAIC Mines Limited announced that drilling has commenced at its Lamil Gold-Copper Project located 30 kilometres west of the Telfer Gold -Copper Mine in the highly prospective Paterson Province of Western Australia. The Lamil Gold-Copper Project is located in the Paterson Province in the northwest of Western Australia, 500 kilometres east of Port Hedland. The Paterson Province is one of Australia's most highly endowed yet under-explored mineral provinces. It hosts the world-class Telfer Gold-Copper Mine, the Nifty Copper Mine and the recent copper-gold discoveries at Winu by Rio Tinto and Havieron by the Greatland Gold- Newcrest JV. The Lamil Project, which covers an area of 1,280km², captures a covered belt of Yeneena Supergroup rocks. The belt is bound by two deep penetrating, belt parallel, NNW trending structures. The eastern flank of the Lamil Dome Prospect will be drilled by four diamond holes at a spacing of approximately 1km to a minimum vertical depth of approximately 400m. Wide-spaced aircore drilling completed over the dome in 2020 indicated the presence of a large albite alteration halo associated with elevated copper assays along the contact zone of an extensive mafic intrusive and metasedimentary rock. Follow-up, wide-spaced (800m lines) reverse circulation ("RC") drilling on the eastern flank in 2021 confirmed the presence of alteration and returned a best result of 1m grading 2.26% Cu and 51ppb Au from 90m, further confirming the prospectivity of this zone . The planned drilling is aimed to test the mafic intrusive contact down dip of the shallower level intercepts along its 4km strike. The drilling will be supplemented with down-hole electromagnetic surveys ("DHEM") to detect any `off-hole' massive sulphide mineralisation. At the Goodenia Prospect a 750m deep diamond hole is planned to test this conceptual base metal (Zn- Pb-Cu) target. Wide-spaced RC drilling in 2020 and 2021 intersected intervals of elevated zinc and lead in carbonaceous siltstones overlying a coincident gravity and magnetic anomaly. The RC results may represent a distal halo to a large sulphide system represented by the geophysical anomalies. A single hole is planned to intersect the centre of the modelled gravity anomaly. Drilling costs of up to $150,000 (50% of drilling costs) will be funded by a Western Australian Government Exploration Incentive Scheme (EIS) grant. The Firebush Target is located at the northern end of the project and is considered prospective for sediment-hosted Zn-Pb deposits (e.g. Warrabarty style) and Telfer gold-copper mineralisation in interpreted Isdell Formation sediments. The target lies along strike of the Rio Tinto-Carawine Resources Red Dog JV project and is defined by a discrete gravity anomaly under 160m of Permian cover rocks. A single hole targeted at the centre of the gravity anomaly is planned to test the anomaly and provide insights into the basement geology in this area. Drilling costs of up to $150,000 (50% of drilling costs) will be funded by a Western Australian Government Exploration Incentive Scheme (EIS) grant.분석 기사 • Jun 09Returns At AIC Mines (ASX:A1M) Are On The Way UpTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...이익 및 매출 성장 예측ASX:A1M - 애널리스트 향후 추정치 및 과거 재무 데이터 (AUD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수6/30/202842610012119466/30/202734776-515166/30/202625751-79113612/31/202520724-5685N/A9/30/202519820-5968N/A6/30/202519015-6251N/A3/31/202518614-5248N/A12/31/202418314-4345N/A9/30/202418211-2849N/A6/30/20241818-1452N/A3/31/20241705-1944N/A12/31/20231592-2537N/A9/30/2023142-2-3130N/A6/30/2023126-6-3723N/A6/30/202215942-153N/A12/31/202125206N/A9/30/202112-1-40N/A6/30/2021N/A-4-7-7N/A3/31/2021N/A-6-6-6N/A12/31/2020N/A-7-5-5N/A9/30/2020N/A-9-4-4N/A6/30/2020N/A-12-3-3N/A3/31/2020N/A-10-3-3N/A12/31/2019N/A-8-2-2N/A9/30/2019N/A-4N/A-3N/A6/30/2019N/A0N/A-4N/A3/31/2019N/A0N/A-4N/A12/31/2018N/A-1N/A-4N/A9/30/20180-3N/A-3N/A6/30/20180-2N/A-2N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: A1M 의 연간 예상 수익 증가율(28.2%)이 saving rate(3.6%)보다 높습니다.수익 vs 시장: A1M 의 연간 수익(28.2%)이 Australian 시장(11.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: A1M 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: A1M 의 수익(연간 20.2%)이 Australian 시장(연간 6.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: A1M 의 수익(연간 20.2%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: A1M의 자본 수익률은 3년 후 20.1%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 09:36종가2026/05/22 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스AIC Mines Limited는 10명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Daniel MorganBarrenjoey Markets Pty LimitedOlivia HagglundBell PotterDavid CoatesBell Potter7명의 분석가 더 보기
Major Estimate Revision • Feb 14Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$251.8m to AU$260.0m. EPS estimate increased from AU$0.054 to AU$0.067 per share. Net income forecast to grow 240% next year vs 23% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.75 to AU$0.81. Share price rose 7.3% to AU$0.59 over the past week.
Major Estimate Revision • Jan 31Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.045 to AU$0.054. Revenue forecast steady at AU$251.8m. Net income forecast to grow 199% next year vs 24% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.73 to AU$0.75. Share price rose 4.1% to AU$0.64 over the past week.
Major Estimate Revision • Jan 21Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$237.5m to AU$244.5m. EPS estimate increased from AU$0.043 to AU$0.051 per share. Net income forecast to grow 114% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.69 to AU$0.73. Share price was steady at AU$0.60 over the past week.
Price Target Changed • Dec 10Price target increased by 9.9% to AU$0.62Up from AU$0.57, the current price target is an average from 5 analysts. New target price is 16% above last closing price of AU$0.54. Stock is up 52% over the past year. The company is forecast to post earnings per share of AU$0.04 for next year compared to AU$0.026 last year.
Price Target Changed • Oct 17Price target increased by 8.0% to AU$0.59Up from AU$0.55, the current price target is an average from 5 analysts. New target price is 26% above last closing price of AU$0.47. Stock is up 36% over the past year. The company is forecast to post earnings per share of AU$0.037 for next year compared to AU$0.026 last year.
Major Estimate Revision • Oct 17Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$224.3m to AU$229.2m. EPS estimate increased from AU$0.03 to AU$0.037 per share. Net income forecast to grow 88% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.56 to AU$0.59. Share price rose 12% to AU$0.47 over the past week.
공시 • Apr 13AIC Mines Limited to Report Q3, 2026 Results on Apr 16, 2026AIC Mines Limited announced that they will report Q3, 2026 results Pre-Market on Apr 16, 2026
Reported Earnings • Feb 20First half 2026 earnings released: EPS: AU$0.022 (vs AU$0.014 in 1H 2025)First half 2026 results: EPS: AU$0.022 (up from AU$0.014 in 1H 2025). Revenue: AU$110.6m (up 19% from 1H 2025). Net income: AU$17.4m (up 115% from 1H 2025). Profit margin: 16% (up from 8.7% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Metals and Mining industry in Australia.
Major Estimate Revision • Feb 14Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$251.8m to AU$260.0m. EPS estimate increased from AU$0.054 to AU$0.067 per share. Net income forecast to grow 240% next year vs 23% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.75 to AU$0.81. Share price rose 7.3% to AU$0.59 over the past week.
Major Estimate Revision • Jan 31Consensus EPS estimates increase by 21%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.045 to AU$0.054. Revenue forecast steady at AU$251.8m. Net income forecast to grow 199% next year vs 24% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.73 to AU$0.75. Share price rose 4.1% to AU$0.64 over the past week.
공시 • Jan 22AIC Mines Limited to Report Q2, 2026 Results on Jan 29, 2026AIC Mines Limited announced that they will report Q2, 2026 results Pre-Market on Jan 29, 2026
Major Estimate Revision • Jan 21Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$237.5m to AU$244.5m. EPS estimate increased from AU$0.043 to AU$0.051 per share. Net income forecast to grow 114% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.69 to AU$0.73. Share price was steady at AU$0.60 over the past week.
분석 기사 • Dec 31Why Investors Shouldn't Be Surprised By AIC Mines Limited's (ASX:A1M) 27% Share Price SurgeDespite an already strong run, AIC Mines Limited ( ASX:A1M ) shares have been powering on, with a gain of 27% in the...
Price Target Changed • Dec 10Price target increased by 9.9% to AU$0.62Up from AU$0.57, the current price target is an average from 5 analysts. New target price is 16% above last closing price of AU$0.54. Stock is up 52% over the past year. The company is forecast to post earnings per share of AU$0.04 for next year compared to AU$0.026 last year.
Price Target Changed • Oct 17Price target increased by 8.0% to AU$0.59Up from AU$0.55, the current price target is an average from 5 analysts. New target price is 26% above last closing price of AU$0.47. Stock is up 36% over the past year. The company is forecast to post earnings per share of AU$0.037 for next year compared to AU$0.026 last year.
Major Estimate Revision • Oct 17Consensus EPS estimates increase by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$224.3m to AU$229.2m. EPS estimate increased from AU$0.03 to AU$0.037 per share. Net income forecast to grow 88% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.56 to AU$0.59. Share price rose 12% to AU$0.47 over the past week.
공시 • Oct 13AIC Mines Limited to Report Q1, 2026 Final Results on Oct 16, 2025AIC Mines Limited announced that they will report Q1, 2026 final results Pre-Market on Oct 16, 2025
분석 기사 • Oct 03AIC Mines Limited (ASX:A1M) Soars 26% But It's A Story Of Risk Vs RewardThe AIC Mines Limited ( ASX:A1M ) share price has done very well over the last month, posting an excellent gain of 26...
Major Estimate Revision • Oct 01Consensus EPS estimates increase by 22%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from AU$0.023 to AU$0.028. Revenue forecast steady at AU$221.5m. Net income forecast to grow 38% next year vs 24% growth forecast for Metals and Mining industry in Australia. Consensus price target of AU$0.53 unchanged from last update. Share price rose 6.9% to AU$0.39 over the past week.
Major Estimate Revision • Sep 24Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from AU$0.026 to AU$0.023 per share. Revenue forecast steady at AU$221.7m. Net income forecast to grow 40% next year vs 14% growth forecast for Metals and Mining industry in Australia. Consensus price target of AU$0.53 unchanged from last update. Share price rose 5.9% to AU$0.36 over the past week.
공시 • Sep 15AIC Mines Limited, Annual General Meeting, Nov 19, 2025AIC Mines Limited, Annual General Meeting, Nov 19, 2025.
분석 기사 • Aug 28AIC Mines' (ASX:A1M) Performance Raises Some QuestionsAfter announcing healthy earnings, AIC Mines Limited's ( ASX:A1M ) stock rose over the last week. However, we think...
Reported Earnings • Aug 22Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: AU$0.026 (up from AU$0.016 in FY 2024). Revenue: AU$189.6m (up 5.0% from FY 2024). Net income: AU$15.0m (up 94% from FY 2024). Profit margin: 7.9% (up from 4.3% in FY 2024). The increase in margin was driven by higher revenue. Production and reserves: Copper Production: 12,383 t (12,912 t in FY 2024) Number of mines: 1 (1 in FY 2024) Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 7.8%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Aug 21Consensus revenue estimates increase by 12%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$220.2m to AU$247.0m. EPS estimate increased from AU$0.031 to AU$0.037 per share. Net income forecast to grow 41% next year vs 16% growth forecast for Metals and Mining industry in Australia. Consensus price target of AU$0.53 unchanged from last update. Share price was steady at AU$0.32 over the past week.
Major Estimate Revision • Jul 22Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$195.7m to AU$193.7m. EPS estimate also fell from AU$0.03 per share to AU$0.026 per share. Net income forecast to grow 78% next year vs 16% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$0.52. Share price was steady at AU$0.32 over the past week.
공시 • Jul 17AIC Mines Limited to Report Q4, 2025 Results on Jul 21, 2025AIC Mines Limited announced that they will report Q4, 2025 results Pre-Market on Jul 21, 2025
New Risk • Jul 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).
Major Estimate Revision • Jul 01Consensus EPS estimates fall by 20%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.036 to AU$0.029 per share. Revenue forecast steady at AU$195.1m. Net income forecast to grow 94% next year vs 20% growth forecast for Metals and Mining industry in Australia. Consensus price target down from AU$0.73 to AU$0.55. Share price was steady at AU$0.30 over the past week.
분석 기사 • Jun 24There's No Escaping AIC Mines Limited's (ASX:A1M) Muted RevenuesWith a price-to-sales (or "P/S") ratio of 0.9x AIC Mines Limited ( ASX:A1M ) may be sending very bullish signals at the...
공시 • Jun 24AIC Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 55 million.AIC Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 55 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 142,800,000 Price\Range: AUD 0.3 Discount Per Security: AUD 0.015 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 40,533,334 Price\Range: AUD 0.3 Discount Per Security: AUD 0.015 Transaction Features: Subsequent Direct Listing
공시 • Jun 21+ 1 more updateAIC Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million.AIC Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,333,333 Price\Range: AUD 0.3
공시 • Apr 24AIC Mines Limited to Report Q3, 2025 Results on Apr 29, 2025AIC Mines Limited announced that they will report Q3, 2025 results Pre-Market on Apr 29, 2025
Major Estimate Revision • Apr 17Consensus EPS estimates increase by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from AU$0.03 to AU$0.034. Revenue forecast steady at AU$195.0m. Net income forecast to grow 94% next year vs 29% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$0.71. Share price rose 17% to AU$0.34 over the past week.
공시 • Apr 10AIC Mines Limited Announces CFO ChangesAIC Mines announced the appointment of John Callagher as its new CFO, effective 12 May 2025 following the resignation of Michael Frame. Mr. Frame will stay with the Company until 1 July 2025. Mr. Frame joined AIC Mines as CFO in December 2021, a pivotal period for the Company following the acquisition of the Eloise copper mine. His involvement with the integration and improvement in commercial and financial procedures at Eloise was paramount to the success of the acquisition and the operation's ongoing growth. Mr. Frame leaves AIC Mines with robust financial reporting and budgeting procedures and a strong finance team. Mr. Callagher was previously CFO at Aurora Healthcare and General Manager Finance at Whitehaven Coal prior to that. He brings over 25 years of financial and commercial experience spanning statutory reporting and audit, tax, mergers and acquisitions, and business governance.
New Risk • Apr 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$161.2m (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (AU$161.2m market cap, or US$97.4m).
분석 기사 • Apr 08Is AIC Mines (ASX:A1M) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Feb 21New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding).
Major Estimate Revision • Feb 20Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.04 to AU$0.028 per share. Revenue forecast steady at AU$191.7m. Net income forecast to grow 122% next year vs 22% growth forecast for Metals and Mining industry in Australia. Consensus price target of AU$0.71 unchanged from last update. Share price rose 3.8% to AU$0.41 over the past week.
분석 기사 • Feb 10AIC Mines Limited's (ASX:A1M) Revenues Are Not Doing Enough For Some InvestorsWith a price-to-sales (or "P/S") ratio of 1.2x AIC Mines Limited ( ASX:A1M ) may be sending very bullish signals at the...
Major Estimate Revision • Jan 16Consensus EPS estimates fall by 45%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.077 to AU$0.042 per share. Revenue forecast steady at AU$187.1m. Net income forecast to grow 303% next year vs 20% growth forecast for Metals and Mining industry in Australia. Consensus price target reaffirmed at AU$0.72. Share price fell 4.3% to AU$0.34 over the past week.
분석 기사 • Dec 10Does AIC Mines (ASX:A1M) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
공시 • Oct 15AIC Mines Limited to Report Q1, 2025 Results on Oct 17, 2024AIC Mines Limited announced that they will report Q1, 2025 results Pre-Market on Oct 17, 2024
공시 • Sep 25AIC Mines Limited, Annual General Meeting, Nov 20, 2024AIC Mines Limited, Annual General Meeting, Nov 20, 2024.
Reported Earnings • Aug 22Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: AU$0.016 (up from AU$0.015 loss in FY 2023). Revenue: AU$180.5m (up 44% from FY 2023). Net income: AU$7.69m (up AU$13.5m from FY 2023). Profit margin: 4.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jul 18Price target decreased by 8.8% to AU$0.75Down from AU$0.82, the current price target is an average from 4 analysts. New target price is 105% above last closing price of AU$0.36. Stock is down 3.9% over the past year. The company is forecast to post earnings per share of AU$0.03 next year compared to a net loss per share of AU$0.015 last year.
Major Estimate Revision • Jul 17Consensus EPS estimates increase by 38%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.04 to AU$0.055. Revenue forecast steady at AU$183.7m. Net income forecast to grow 1,806% next year vs 24% growth forecast for Metals and Mining industry in Australia. Consensus price target down from AU$0.82 to AU$0.80. Share price was steady at AU$0.46 over the past week.
분석 기사 • Jun 19AIC Mines Limited (ASX:A1M) Not Doing Enough For Some Investors As Its Shares Slump 26%AIC Mines Limited ( ASX:A1M ) shares have retraced a considerable 26% in the last month, reversing a fair amount of...
Price Target Changed • Jun 04Price target increased by 8.3% to AU$0.81Up from AU$0.75, the current price target is an average from 4 analysts. New target price is 59% above last closing price of AU$0.51. Stock is up 26% over the past year. The company is forecast to post earnings per share of AU$0.04 next year compared to a net loss per share of AU$0.015 last year.
New Risk • Jun 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (24% increase in shares outstanding).
공시 • May 26AIC Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 57.2 million.AIC Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 57.2 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 110,000,000 Price\Range: AUD 0.52 Transaction Features: Subsequent Direct Listing
Buy Or Sell Opportunity • May 25Now 27% undervaluedOver the last 90 days, the stock has risen 98% to AU$0.54. The fair value is estimated to be AU$0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 85% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 2,388% in the next 2 years.
공시 • May 24AIC Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 57.2 million.AIC Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 57.2 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 110,000,000 Price\Range: AUD 0.52 Transaction Features: Subsequent Direct Listing
분석 기사 • Apr 25Is AIC Mines (ASX:A1M) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Major Estimate Revision • Apr 18Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$177.6m to AU$180.4m. EPS estimate increased from AU$0.032 to AU$0.038 per share. Net income forecast to grow 1,570% next year vs 30% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.71 to AU$0.74. Share price rose 5.1% to AU$0.41 over the past week.
분석 기사 • Apr 09AIC Mines Limited (ASX:A1M) Surges 33% Yet Its Low P/S Is No Reason For ExcitementAIC Mines Limited ( ASX:A1M ) shares have had a really impressive month, gaining 33% after a shaky period beforehand...
Price Target Changed • Mar 27Price target increased by 7.6% to AU$0.70Up from AU$0.66, the current price target is an average from 4 analysts. New target price is 110% above last closing price of AU$0.34. Stock is down 18% over the past year. The company is forecast to post earnings per share of AU$0.039 next year compared to a net loss per share of AU$0.015 last year.
Major Estimate Revision • Mar 27Consensus EPS estimates increase by 24%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.032 to AU$0.039. Revenue forecast steady at AU$176.6m. Net income forecast to grow 1,327% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.66 to AU$0.70. Share price fell 4.3% to AU$0.34 over the past week.
분석 기사 • Mar 21Is AIC Mines Limited (ASX:A1M) Trading At A 40% Discount?Key Insights Using the Dividend Discount Model, AIC Mines fair value estimate is AU$0.59 AIC Mines' AU$0.35 share price...
Recent Insider Transactions • Mar 02Independent Non-Executive Director recently sold AU$210k worth of stockOn the 29th of February, Brett Montgomery sold around 700k shares on-market at roughly AU$0.30 per share. This transaction amounted to 97% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$166k more than they bought in the last 12 months.
Reported Earnings • Feb 26First half 2024 earnings released: EPS: AU$0.005 (vs AU$0.001 loss in 1H 2023)First half 2024 results: EPS: AU$0.005 (up from AU$0.001 loss in 1H 2023). Revenue: AU$91.0m (up 34% from 1H 2023). Net income: AU$2.23m (up AU$2.84m from 1H 2023). Profit margin: 2.4% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Feb 14Non-Executive Director recently bought AU$58k worth of stockOn the 12th of February, Jonathan Young bought around 200k shares on-market at roughly AU$0.29 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$44k more in shares than they have sold in the last 12 months.
Price Target Changed • Feb 08Price target decreased by 11% to AU$0.63Down from AU$0.71, the current price target is an average from 4 analysts. New target price is 117% above last closing price of AU$0.29. Stock is down 38% over the past year. The company is forecast to post earnings per share of AU$0.039 next year compared to a net loss per share of AU$0.015 last year.
공시 • Jan 24+ 1 more updateAIC Mines Limited Provides Production Guidance for the First Quarter 2024AIC Mines Limited provided production guidance for the first quarter 2024. For the quarter, the company expects Production of approximately 3,000t- 3,200t Cu and 1,500oz Au in concentrate is targeted in the March 2024 Quarter.
공시 • Dec 02AIC Mines Limited Announces Outstanding Drilling Results from the Jumbuck, Squatter and Billabong Shoots At the Jericho Copper ProjectAIC Mines Limited announced outstanding drilling results from the Jumbuck, Squatter and Billabong shoots at the Jericho Copper Project. The Jericho copper deposit is located 4 kilometres south of the Eloise Copper Mine and processing plant. Jericho mine development studies and Eloise processing plant expansion studies are currently underway. Development is expected to commence in 2024 subject to permitting. The Jericho deposit currently has a strike length of 2.3 kilometres. It commences at approximately 50m below surface and extends to a vertical depth of 550m below surface. It occurs in two parallel lenses - J1 and J2 with higher grade shoots within these lenses, namely Jumbuck, Matilda, Billabong and now Squatter. Mineralisation remains open along strike and at depth. Resource Extension and Definition Drilling: A diamond and reverse circulation ("RC") drilling program targeting extensions to the Jericho resource and infill of high-priority areas of the Jericho resource was completed in September 2023. A total of 38 diamond holes for 9,334m and 42 reverse circulation (RC) holes for 7,357m were completed. All of the assay results have now been received. The aim of the drilling was to: Convert higher-grade areas of the Inferred Resource above the -100mRL to Indicated Resource category via a drill spacing of 50m by 50m; Investigate strike extensions, both north and south, along the J1 and J2 Lenses; Test the down-plunge continuation of the high-grade Jumbuck shoot; and Test the Jericho North target. All of these aims have been achieved. The results will be used to update the Jericho Mineral Resource and Ore Reserves estimates and also further optimise the current mine plan. Jumbuck: Resource extension drilling has successfully traced the high-grade Jumbuck shoot a further 200m down-plunge. Significant intercepts include: JEDD024 - 5.5m (3.8m ETW) grading 1.45% Cu, 0.19g/t Au and 2.07g/t Ag from 506.55m; and JEDD034 - 7.4m (4.8m ETW) grading 3.30% Cu, 0.44g/t Au and 4.45g/t Ag from 487.85m The Jumbuck shoot is now defined to a vertical depth of 500m below surface and remains open at depth. In addition, resource definition drilling at Jumbuck has successfully extended the zone of high-grade mineralisation below the current Ore Reserve limits. Significant intercepts include: JEDD030 - 6.5m (4.5m ETW) grading 2.65% Cu, 0.67g/t Au and 4.07g/t Ag from 246.0m; JEDD031 - 5.6m (3.1m ETW) grading 2.50% Cu, 0.32g/t Au and 2.34g/t Ag from 254.65m; JERC041 - 6.0m (3.8m ETW) grading 2.70% Cu, 0.96g/t Au and 2.68g/t Ag from 75m; and JERC042 - 5.0m (2.7m ETW) grading 3.10% Cu, 2.91g/t Au and 4.80g/t Ag from 102m. Squatter: Drilling between the Jumbuck and Matilda shoots has returned high-grade results. In particular, the area south of Matilda and above the 0mRL has returned several high-grade intercepts, within a larger mineralised envelope, defining what is now termed the Squatter shoot. Significant intercepts include: JERC032 - 3.0m (2.2m ETW) grading 2.50% Cu, 0.51g/t Au and 2.33g/t Ag from 132m; and JERC033 - 3.0m (2.0m ETW) grading 3.50% Cu, 0.30g/t Au and 3.17g/t Ag from 168m. Billabong: Resource definition drilling of the Billabong shoot has extended the higher-grade zone above the 0mRL and also intersected thicker zones of mineralisation. Significant intercepts include: JERC034 - 18.0m (10.5m ETW) grading 1.40% Cu, 0.11g/t Au and 1.76g/t Ag from 133m; including 3.0m (2.4m ETW) grading 2.30% Cu, 0.13g/t Au and 3.0g/t Ag from 148m; JERC035 - 2.0m (1.4m ETW) grading 2.40% Cu, 0.33g/t Au and 2.95g/t Au from 204m; JERC037 - 10.0m (6.9m ETW) grading 1.30% Cu, 0.28g/t Au and 1.41g/t Ag from 160m; and including 2.0m (1.3m ETW) grading 2.90% Cu, 0.38g/t Au and 3.20g/t Ag from 165m.
공시 • Nov 29AIC Mines Limited Reports Updated Mineral Resource and Ore Reserve (‘Mror’) Estimates for the Lens 6 Deposit At Its Eloise Copper MineAIC Mines Limited reported updated Mineral Resource and Ore Reserve (‘MROR’) estimates for the Lens 6 deposit at its Eloise Copper Mine. Lens 6 Mineral Resources: Since reporting the initial Lens 6 MROR estimate as at 31 December 2022, AIC Mines has completed another 39 drillholes for 7,818 metres. The drilling has extended the high-grade mineralisation by 200m above the 31 December 2022 Mineral Resource limits and has delivered a significant increase in the Mineral Resource. The Lens 6 Mineral Resources have increased to 34,200 tonnes of contained copper and 27,100 ounces of contained gold, representing a 74% increase in copper and a 56% increase in gold compared to the 31 December 2022 estimate. Lens 6 Ore Reserves: Similar to the outcome with Mineral Resources, infill drilling at Lens 6 has delivered a significant increase in the Ore Reserve estimate in terms of ore tonnes and contained copper, gold and silver. The Ore Reserves for Lens 6 have increased to 22,300 tonnes of contained copper and 18,100 ounces of contained gold, representing a 119% increase in copper and a 101% increase in gold compared to the 31 December 2022 estimate. Ongoing Exploration and Resource Definition Drilling: The Lens 6 Mineral Resource remains open up and down dip. There is no drilling between the top of the Lens 6 resource (z200 Level) and the Levuka Upper zone (100mRL), a gap of 300m vertical metres. AIC Mines has planned a step-out drill program, on 100m spacings, to test the up-dip continuation of the Lens 6 mineralisation as well as DHEM (Down Hole Electromagnetic) surveys. This campaign is scheduled to be drilled from drill platforms on the 0m Level and z100 Level during the second half of Fiscal Year 24. Ongoing evaluation of the Eloise drillhole database continues to identify opportunities for Mineral Resource and Ore Reserve growth. AIC Mines currently has two drill rigs underground at Eloise. One rig is dedicated to exploration drilling to the east and west of the mine workings. The other rig is focused on Mineral Resource and Ore Reserve definition drilling. Lens 6 demonstrates the potential for additional mineralisation in the east and west corridors. The in-mine EM loop, currently under construction at Eloise, will be a rapid, cost-effective way of testing large undrilled areas deeper in the mine for parallel lenses and structural offsets of known lenses. Underground Development and Mine Planning: Underground development into Lens 6 commenced in September 2023 from the z275 and z305 Levels and first development ore was mined in October 2023. A total of 157m of access and ore development has since been completed. Being immediately adjacent to active mine workings, no new capital infrastructure is required for Lens 6 development and production. The Lens 6 mining method will be a bottom-up modified Avoca method upwards from the z305 and longitudinal sublevel caving method downward from z305 post completion of the upward sequence. The selected stoping methods provide operational flexibility given the deposit is open both up and down dip. Stoping in Lens 6 is due to commence in the June 2024 Quarter.
분석 기사 • Nov 14Revenues Working Against AIC Mines Limited's (ASX:A1M) Share PriceYou may think that with a price-to-sales (or "P/S") ratio of 1.2x AIC Mines Limited ( ASX:A1M ) is definitely a stock...
분석 기사 • Oct 10Is AIC Mines (ASX:A1M) Using Debt Sensibly?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공시 • Sep 27AIC Mines Limited, Annual General Meeting, Nov 22, 2023AIC Mines Limited, Annual General Meeting, Nov 22, 2023.
Recent Insider Transactions • Aug 29Independent Non-Executive Director recently bought AU$156k worth of stockOn the 24th of August, Brett Montgomery bought around 443k shares on-market at roughly AU$0.35 per share. This transaction increased Brett's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$205k more in shares than they have sold in the last 12 months.
Price Target Changed • Aug 24Price target increased by 10% to AU$0.71Up from AU$0.64, the current price target is an average from 3 analysts. New target price is 122% above last closing price of AU$0.32. Stock is down 37% over the past year. The company is forecast to post earnings per share of AU$0.017 next year compared to a net loss per share of AU$0.015 last year.
New Risk • Aug 16New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$152.6m (US$98.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 13% per year for the foreseeable future. High level of non-cash earnings (183% accrual ratio). Minor Risks Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (AU$152.6m market cap, or US$98.5m).
Price Target Changed • Jul 31Price target increased by 31% to AU$0.83Up from AU$0.63, the current price target is an average from 3 analysts. New target price is 112% above last closing price of AU$0.39. Stock is down 6.0% over the past year. The company is forecast to post a net loss per share of AU$0.024 compared to earnings per share of AU$0.14 last year.
Major Estimate Revision • Jul 21Consensus EPS estimates fall by 76%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AU$130.3m to AU$128.9m. Losses expected to increase from AU$0.018 per share to AU$0.031. Metals and Mining industry in Australia expected to see average net income decline 0.4% next year. Consensus price target of AU$0.63 unchanged from last update. Share price was steady at AU$0.39 over the past week.
분석 기사 • May 15Is AIC Mines Limited (ASX:A1M) Worth AU$0.4 Based On Its Intrinsic Value?Key Insights Using the 2 Stage Free Cash Flow to Equity, AIC Mines fair value estimate is AU$0.33 Current share price...
Major Estimate Revision • Apr 29Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AU$142.8m to AU$132.4m. Now expected to report a loss of AU$0.01 per share instead of AU$0.019 per share profit previously forecast. Metals and Mining industry in Australia expected to see average net income growth of 2.2% next year. Consensus price target down from AU$0.68 to AU$0.63. Share price rose 2.5% to AU$0.41 over the past week.
Major Estimate Revision • Mar 31Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AU$148.0m to AU$143.3m. EPS estimate also fell from AU$0.02 per share to AU$0.015 per share. Net income forecast to shrink 74% next year vs 6.7% growth forecast for Metals and Mining industry in Australia . Consensus price target of AU$0.68 unchanged from last update. Share price rose 4.8% to AU$0.44 over the past week.
Major Estimate Revision • Feb 22Consensus EPS estimates fall by 41%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.055 to AU$0.032. Revenue forecast unchanged from AU$151.4m at last update. Net income forecast to shrink 67% next year vs 1.9% decline forecast for Metals and Mining industry in Australia. Consensus price target down from AU$0.70 to AU$0.68. Share price fell 5.5% to AU$0.43 over the past week.
Major Estimate Revision • Feb 09Consensus EPS estimates increase by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from AU$0.058 to AU$0.067. Revenue forecast steady at AU$151.4m. Net income forecast to shrink 55% next year vs 1.8% decline forecast for Metals and Mining industry in Australia. Consensus price target down from AU$0.71 to AU$0.70. Share price fell 3.1% to AU$0.47 over the past week.
Major Estimate Revision • Feb 07Consensus EPS estimates increase by 29%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from AU$0.058 to AU$0.074. Revenue forecast unchanged at AU$151.6m. Net income forecast to shrink 54% next year vs 1.8% decline forecast for Metals and Mining industry in Australia. Consensus price target of AU$0.71 unchanged from last update. Share price rose 8.9% to AU$0.49 over the past week.
공시 • Feb 06AIC Mines Limited Announces Results of Its Re-Estimate of the Jericho Mineral ResourceAIC Mines Limited announce the results of its re-estimate of the Jericho Mineral Resource following completion of the takeover of Demetallica Limited (‘Demetallica’). The AIC Mines estimate uses a higher cut-off grade than that used by Demetallica (1.0% Cu compared to 0.85% Cu) and is constrained within optimised stope shapes to better reflect the proposed mining method. The new estimate is more robust and better suited to mine planning. The outcome is in-line with expectations based on work previously conducted by AIC Mines as part of its acquisition due diligence. Jericho Mineral Resources are estimated at 9.8 million tonnes grading 1.8% copper and 0.4g/t gold containing 180,000 tonnes of copper and 110,600 ounces of gold. The Mineral Resource remains open both along strike and depth. The Mineral Resource is constrained by drilling to a vertical depth of 550m below surface. This compares to the Eloise deposit which is known to extend to 1,800m below surface. Jericho plus Eloise combined Mineral Resources now total 14.6 million tonnes grading 2.0% copper and 0.6g/t gold containing 295,000 tonnes of copper and 210,700 ounces of gold. Having received full access to the Jericho drillhole database following completion of the takeover of Demetallica, AIC Mines has completed a new Mineral Resource estimate using similar estimation practices and assumptions to those used at its Eloise mine. The Jericho deposit is located approximately 4km south of the Eloise mine and exhibits similar geological, mining and metallurgical characteristics to the Eloise mine. The Mineral Resource estimate is based on a long-term copper price of AUD 10,500/t and is reported and classified in accordance with the JORC Code (2012). The Jericho Mineral Resource has a strike length of over 2.3 kilometres, commencing at 50m below the surface level (BSL) and extends to a vertical depth of 550m BSL. High grade mineralisation (>2% Cu) has a shallow 30O north plunge and is open at depth. There is opportunity to extend the high-grade mineralisation along strike and at depth with additional drilling. Compared to the previous Mineral Resource Estimate conducted by Demetallica, the AIC Mines Mineral Resource Estimate contains less tonnes at a higher grade for an overall slight decrease in contained copper, gold and silver. The differences between the two estimates are due to: · An economic cut-off grade of 1% Cu was used for the new estimate. The previous estimate used an economic cut-off grade of 0.85% Cu. · Reassessment of the geological interpretation using the same structural framework observed and mined at the Eloise underground mine, resulted in mineralised lenses being more tightly constrained. · Datamine MSO stope optimiser software was used to identify resource blocks that met the criteria of reasonable prospect for eventual economic extraction (RPEEE). This was not undertaken previously. · Evaluation of minimum mining width. This was not undertaken previously. Development of the Jericho deposit will be transformational for Eloise. It offers the potential to: · increase mine life to over 10 years · increase annual production to over 20,000t Cu and 10,000oz Au in concentrate (a 60% increase on current production rate) · reduce reliance on the Eloise Deeps thereby de-risking ore production · reduce AISC through economies of scale Environmental permitting work has commenced. This work is being led by specialist consultants Epic Environmental in partnership with Engeny. Mining studies to commence this week following the engagement of Orelogy Ltd. A processing plant expansion optimisation study is due to commence shortly following the engagement of GR Engineering Services. The aim of the optimisation study is to decide the optimum processing plant expansion (from current 750ktpa capacity) expected to be in the range of 1.0 - 1.4Mtpa. Current expectations are that development of the Jericho mine could commence early in CY24 with first ore accessed early in CY25. AIC Mines is however closely monitoring the current operating environment and cost inflation pressures to decide the best timing and strategy for developing the Jericho mine and expanding the Eloise processing plant. A program of resource definition (infill) and extension drilling is being planned for Jericho. Resource definition drilling to upgrade Inferred Resources to Indicated Resources will provide a larger base for ultimate conversion to Probable Reserves. Extension drilling is expected to extend the known high-grade lenses at depth and drilling along strike has the potential to locate additional high-grade lenses. The Jericho resource is currently constrained by drilling to a vertical depth of 550m below surface. This compares to the Eloise deposit which is known to extend to 1,800m below surface. There is approximately 7.8Mt of Mineral Inventory at Jericho (above a 1% Cu cut-off and within optimised stope shapes) that is insufficiently drilled to qualify as Inferred Resource. This inventory provides an excellent opportunity to extend the Jericho Mineral Resource with infill drilling.
공시 • Jan 31AIC Mines Limited Announces Management ChangesAIC Mines Limited announced the appointment of Ms. Linda Hale as a Non-Executive Director of the company effective 1 February 2023. Ms. Hale has more than 30 years' experience in the financial services and mining sectors. Previous roles have included Executive Director of Finance and Administration, Company Secretary and consulting in organisational change and project management. Ms. Hale holds a Bachelor of Business Degree, is a Member of CPA Australia and a Member of The Australian Institute of Company Directors. Ms. Hale has resigned as AIC Mines' Company Secretary, effective January 31, 2023, having served in that role since February 2020. The company also announced that Mr. Tony Wolfe has advised that he will retire as a Director of the Company effective from today. Mr. Wolfe has been a Non- Executive Director since November 2016 (initially Intrepid Mines Limited).
Major Estimate Revision • Jan 24Consensus EPS estimates increase by 24%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from AU$160.4m to AU$151.5m. EPS estimate rose from AU$0.07 to AU$0.087. Net income forecast to shrink 31% next year vs 1.2% growth forecast for Metals and Mining industry in Australia . Consensus price target broadly unchanged at AU$0.73. Share price was steady at AU$0.49 over the past week.
Major Estimate Revision • Dec 07Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate fell from AU$0.08 to AU$0.07. Revenue forecast unchanged from AU$151.2m at last update. Net income forecast to shrink 43% next year vs 0.3% growth forecast for Metals and Mining industry in Australia . Consensus price target of AU$0.71 unchanged from last update. Share price fell 4.3% to AU$0.45 over the past week.
공시 • Dec 05AIC Mines Limited Announces Drilling Results from Lamil Gold-Copper ProjectAIC Mines Limited announced assay results from diamond and reverse circulation ("RC") drilling at the Lamil Gold-Copper Joint Venture Project located 30 kilometres west of the Telfer Gold-Copper Mine in the highly prospective Paterson Province of Western Australia. Lamil Joint Venture (50% AIC Mines) The Lamil Gold-Copper Project is located in the Paterson Province in the northwest of Western Australia, 500 kilometres east of Port Hedland. AIC Mines and Rumble Resources each hold a 50% joint venture interest in the project. The Paterson Province is one of the most highly endowed yet under-explored mineral provinces in Australia. It hosts the world-class Telfer Gold-Copper Mine and the Nifty Copper Mine and significant copper-gold discoveries at Winu and Havieron. The project covers an area of 1,280km² capturing a covered belt of Yeneena Supergroup rocks (which host mineralisation at both the Telfer and Nifty mines) bound by two deep penetrating, belt parallel NNW trending structures. Diamond Drilling: At the Goodenia Prospect, a 697m hole was drilled to test a coincident magnetic and gravity anomaly underlying elevated base metal anomalism. Intervals of zinc and lead mineralization were intersected down the length of the hole. Significant intersections include: 3m grading 0.1% Pb and 0.016% Zn from 186m; 6m grading 0.09% Zn and 0.03% Pb from 322m; Including 0.5m grading 0.14% Zn and 0.063% Pb from 323.5m; 6m grading 0.21% Zn and 0.09% Pb from 474m; Including 1m grading 0.34% Zn and 0.14% Pb from 476m; and 3m grading 0.074% Zn and 0.03% Pb from 565m. Mineralisation is typically in the form of sphalerite and galena occurring as coarse-grained disseminations and in carbonate veins associated with strong dolomitic alteration of a siltstone to sandstone package. An increase in disseminated pyrite, accounting for 5% to 10% of the core, is associated with the mineralisation (at approximately 400m down hole) with the appearance of pyrrhotite with dolomite alteration below approximately 560m. These dolomite-sulphide zones appear to correlate strongly with the gravity anomalism. 50% of the drilling costs were funded by a Western Australian Government Exploration Incentive Scheme (EIS) grant. A total of four diamond holes were completed along the eastern flank of the Lamil Dome Prospect with the aim of vectoring toward copper sulphide mineralisation associated with the contact zone of extensive mafic intrusives. Two holes tested the down dip extent of the contact zone between 21ALRC0054, which returned 1m grading 2.26% Cu and 51ppb Au from 90m, and 20ALDD0006, which returned 1.4m grading 0.05% Cu. The two other holes testing the northern extension of the flank. The two holes following up the better results continued to return elevated copper and gold over narrow intervals, as detailed below: Hole 22ALDD0008; 1m grading 0.11% Cu from 80m; and 2m grading 0.02% Cu from 505m Hole 22ALDD0009. 0.65m grading 0.05% Cu from 139.6m; and 0.7m grading 0.09% Cu and 0.1% Pb from 207.3m Drilling has now demonstrated the eastern flank of the Lamil Dome Prospect is composed of several mafic intrusive bodies which appear to narrow to the north and south. Drilling has defined a central zone of notable intervals over about 2 kilometres of strike associated with strong alteration. Down-hole electromagnetic surveys ("DHEM") conducted in holes 22 ALDD008 and 22ALDD009, did not detect any conductors. Reverse Circulation Drilling: At the Sundew Prospect, six holes on a 750m spacing were drilled to test for potential Telfer style gold-copper mineralisation beneath a multi-element soil anomaly. This anomaly coincided with an interpreted antiform composed of the prospective Malu and Isdell formation rocks (including the Telfer Member host to the Telfer Gold mine), adjacent to the regionally significant Parallel Fault. Intervals of elevated copper and gold where intersected in three holes closest to the axis of the antiform, as detailed below. Hole 22ALRC0095; 5m grading 0.13% Cu from 152m; and 3m grading 0.16% Cu from 160m Hole 22ALRC0098; 8m grading 0.03% Cu from 112 Hole 22ALRC0099; 4m grading 0.02% Cu from 176m. At the Flame Pea South Prospect, twelve holes were completed testing significant magnetic anomalies on the western limb of an interpreted regionally extensive anticline. Two holes targeting a discrete magnetic anomaly under Permian cover at the southern portion of the targets intersected elevated copper and gold, as detailed below: Hole 22ALRC0111. 1m grading 0.04% Cu from 120 Hole 22ALRC0113. 40m grading 0.04% Cu from 120m; Including 4m grading 0.12% Cu from 128m. The broad interval in 22ALRC0113 is hosted by a zone of intense albite and hematite alteration within a mafic unit, suggesting the magnetic anomaly is related to an extensive mafic intrusive, analogous perhaps to the Lamil Dome eastern flank. Lamil Joint Venture. AIC Mines has completed its expenditure requirements to earn a 50% interest in the project and has not elected to continue sole funding. AIC Mines and joint venture partner Rumble Resources ("Rumble") each now hold a 50% interest and contribute equally to exploration expenditure. The key terms of the earn-in and exploration joint venture agreement.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Brett Montgomery was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
분석 기사 • Nov 12Are Investors Undervaluing AIC Mines Limited (ASX:A1M) By 39%?How far off is AIC Mines Limited ( ASX:A1M ) from its intrinsic value? Using the most recent financial data, we'll take...
Major Estimate Revision • Oct 21Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from AU$0.07 to AU$0.08. Revenue forecast steady at AU$155.1m. Net income forecast to shrink 52% next year vs 4.9% decline forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.71 to AU$0.73. Share price fell 5.1% to AU$0.47 over the past week.
공시 • Oct 13AIC Mines Limited Provides Update on Surface Exploration Drilling at its Eloise Copper Mine in North QueenslandAIC Mines Limited provided an update on surface exploration drilling at its Eloise Copper Mine in North Queensland. A review of geophysical surveys and mineral alteration information along the West and East Corridors at Eloise indicated the potential for copper mineralization to continue to the north, below the limits of the historical drilling. As such, AIC Mines has embarked on an exploration drilling program to test the northern extents of the West and East Corridors. Five holes for 2,554m have been drilled, consisting of four holes drilled on 100m spacings at the Macy North target (West Corridor) and one hole along at the Elrose-Levuka North target (East Corridor. Exploration drilling into a sparsely drilled area has intersected copper mineralization up to 250m north of the Macy Mineral Resource limits. Drilling at the Macy North target identified mineralization of mineable grades and widths within 100m of current underground development. Significant intercepts were returned from the Macy North target, including: MAE001A - 4 0m grading 2.52% Cu and 0.5g/t Au from 462m. MAE001A - 3.6m grading 1.14% Cu and 0.1g/t Au from 509.4m. MAE001A - 2.3m grading 1.20% Cu and 0.1g/t Au from 533m. MAE002 - 5.4m grading 1.45% Cu and 0.4g/t Au from 420.5m. MAE002 - 2.6m grading 1.11% Cu and 0.2g/t Au from 429.5m. MAE002 - 2.0m grading 1.31% Cu and 0.2g/t Au from 436m. MAE003 - 1.0m grading 1.37% Cu and 3.5g/t Au from 297m. MAE003 - 1.0m grading 1.50% Cu and 0.04g/t Au from 385m. MAE003 - 1.0m grading 2.23% Cu and 0.5g/t Au from 465.8m. Ongoing step-out and resource definition drilling is expected to extend the Macy Mineral Resource. No significant copper mineralization was intersected on the East Corridor however alteration and iron sulphides, typically associated with mineralization at Eloise, were observed in drill core suggesting the mineral system continues to the north. Further exploration drilling on the East Corridor is required to understand mineralization potential. Importantly a coincident magnetic and gravity high remains untested.
공시 • Oct 10AIC Mines Limited Appoints Audrey Ferguson as General Counsel and Joint Company SecretaryAIC Mines Limited announced the appointment of Audrey Ferguson as General Counsel and Joint Company Secretary. Audrey is a qualified solicitor, an experienced company secretary and a graduate of the Australian Institute of Company Directors. She has more than 25 years' experience in legal and company secretarial roles. Most recently she was General Counsel and Company Secretary for Bindaree Food Group. Prior to this role she held a range of legal and corporate roles with Rio Tinto in London and Sydney across the copper, diamonds, minerals and energy businesses. Following Audrey's appointment, both Linda Hale and Audrey Ferguson will be Joint Company Secretaries. For the purposes of Listing Rule 12.6, Audrey Ferguson will be responsible for communication with the ASX in relation to listing rule matters, effective immediately.
공시 • Oct 08AIC Mines Limited, Annual General Meeting, Nov 25, 2022AIC Mines Limited, Annual General Meeting, Nov 25, 2022.
공시 • Sep 30AIC Mines Limited Provides an Update on Exploration Drilling at its Eloise Copper Mine in North QueenslandAIC Mines Limited provided an update on exploration drilling at its Eloise Copper Mine in North Queensland. A near-mine exploration program in the Deeps area comprising of 14 holes for 3,700m is in progress at the Eloise mine. The aim of the program is to test for a repetition of the mine sequence to the east of the eastern amphibolite. Mineralisation at Eloise is hosted within a strongly foliated meta-sedimentary sequence comprising arenites and schists (the mine sequence). The meta-sedimentary sequence also contains a coarse-grained amphibolite, possibly representing an early intrusion of gabbroic composition, that is not mineralised. To date, 8 holes for a total of 2,062.3 m have been drilled. All holes were collared from the Deeps z275mRL access (1,465m below surface level) and were spaced 50m apart. Drilling has intersected a high-grade copper-gold lens (Lens 6) located approximately 150m northeast and 100m below the current Deeps mining level (z305mRL). Significant intercepts include: ED226 27.6m (20.7m ETW) grading 4.14% Cu, ED227 5.2m (3.9m ETW) grading 1.89% Cu and 1.23g/t Au, ED227 2.1m (1.5m ETW) grading 2.24% Cu and 1.05g/t Au, ED227 1.9m (1.4m) grading 2.52% Cu and 1.30g/t Au, ED228A 2.2m (1.6m ETW) grading 2.30% Cu, ED228A 4.0m (3.0m ETW) grading 1.94% Cu, ED228A 15.8m (11.8m ETW) grading 1.87% Cu, ED228A 2.1m (1.6m ETW) grading 1.60% Cu, ED229 7.3m (5.5m ETW) grading 1.54% Cu, ED229 4.4m (3.3m ETW) grading 1.97% Cu, ED230 10.2m (7.7m ETW) grading 3.44% Cu, ED230 2.0m (1.5m ETW) grading 1.59% Cu, ED232 24.5m (18.3m ETW) grading 4.41% Cu and ED232 2.9m (2.2m ETW) grading 2.42% Cu. Further information on the collar coordinates and assay results is reported in Appendix 1 and 2, included at the end of this announcement. Prior to the current drilling program, the Lens 6 area had not been methodically tested. Only four holes had been drilled east of the eastern amphibolite over a 500m vertical extent. The Lens 6 mineralisation remains open up and down dip and along strike. Mineralised zones at Eloise occur as steeply plunging lenticular bodies with strike lengths typically between 100m and 200m and attaining a maximum width of 25m. The main zone of mineralisation (Levuka-Eloise Deeps) demonstrates continuity down plunge over 1,500m and remains open at depth.
Major Estimate Revision • Sep 20Consensus EPS estimates increase by 61%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from AU$147.6m to AU$151.6m. EPS estimate increased from AU$0.04 to AU$0.07 per share. Net income forecast to shrink 51% next year vs 3.4% decline forecast for Metals and Mining industry in Australia. Consensus price target up from AU$0.69 to AU$0.71. Share price was steady at AU$0.49 over the past week.
공시 • Sep 15AIC Mines Limited Announces Drilling Commences at the Marymia Gold & Copper Project, WAAIC Mines Limited provided an update on exploration activity at its Marymia Gold and Copper Project located 200km north of Meekatharra in Western Australia. Marymia Project (predominantly 100% owned tenements) AIC Mines holds over 2,171km2 of tenure located about 790 kilometres northeast of Perth on the northern margin of the Yilgarn Craton. The project includes 100% owned tenements and a joint venture with Venus Metals Corporation Limited. The Marymia Project is prospective for both gold and copper deposits. It is strategically located within trucking distance of the Plutonic Gold Mine and the DeGrussa Copper Mine. Drilling: The Copper Hills Belt (100% AIC Mines) is an interpreted preserved portion of Paleoproterozoic basin rocks, equivalent to the Bryah or Padbury basins, accreted to the northern margin of the Archean Plutonic Marymia Greenstone Belt (PMGB). A program of wide-spaced RC drilling was completed in 2021 testing for primary copper sulphide mineralisation below an historical seven kilometre trend of copper oxide mineralisation. The drilling confirmed the presence of copper sulphide mineralisation associated with quartz-sulphide stockwork veins in a package of mafic and felsic schists. An RC drilling program of 6 holes for approximately 2,000m will follow-up the anomalous intersections returned from the previous drilling program. A diamond drillhole, to test the continuation of mineralisation down dip of that intersected in RC drill hole 21ACHC007, has recently been completed with assay results awaited. Diamond drilling costs of up to $150,000 (50% of drilling costs) will be funded by a Western Australian Government Exploration Incentive Scheme (EIS) grant. At the Black Hills Prospect (100% AIC Mines) an initial program of RC drilling will follow-up an isolated historical diamond drill hole that intercepted 5m grading 2.67g/t gold from 349m. Drilling will determine the extent of mineralisation both up-dip and along strike of the intercept, which is interpreted as being hosted in the Plutonic Mine Sequence Mafic, the same rocks which host the multi-million ounce Plutonic Gold Mine (owned by Superior Gold Inc). The prospect is located approximately six kilometres to the southeast of the Plutonic Mine, where the mine sequence is interpreted to continue on a north-south trend under overthrust granite. At Middle Island (100% AIC Mines) a program of five RC drillholes for 1,000m is planned to follow-up gold anomalism in 21AMIC005, which returned a peak value of 1m grading 1.12g/t gold from the oxide zone. The drilling will also aim to test if mineralisation is associated with a major NW trending fault and an interpreted area of magnetite destruction, which is often associated with orogenic gold deposits. Geophysics: Ground gravity surveys are also being acquired at the Doolgunna North area, which lies at the southern end of the Plutonic Marymia Greenstone Belt (PMGB), and at the Minnee Target, which lies to the east of the PMGB. The surveys are infilling the wider four kilometre spaced government data with 400m by 400m spaced stations covering an area of 230km2 centred on the Doolgunna North target and 154km2 at Minnee. Data will be used for targeting the greenstones under granite at Doolgunna North and under younger Paleoproterozoic rocks at Minnee.
공시 • Aug 22AIC Mines Limited Announces Increase in Mineral Resources and Ore Reserves At Eloise Copper MineAIC Mines Limited announced the Eloise Copper Mine annual Mineral Resources and Ore Reserves (MROR) estimates as at 30 June 2022. Mineral Resources have increased to 115,000 tonnes of contained copper and 101,100 ounces of contained gold, representing an 11% increase in copper and a 7% increase in gold year-on-year net of mining depletion. Ore Reserves have increased to 36,000 tonnes of contained copper and 32,600 ounces of contained gold, representing a 19% increase in copper and a 22% increase in gold year-on-year net of mining depletion. Resource definition drilling conducted by AIC Mines since taking ownership of the Eloise Copper Mine in November 2021 has successfully increased the Mineral Resource estimate year-on-year in terms of resource tonnes and contained copper, gold and silver. The majority of the increase has been in the Deeps area (Elrose Levuka South - Lower) and from inclusion of the Emerson deposit. Total Mineral Resource tonnes have increased by 7%, contained copper by 11% and contained gold by 7% year-on-year net of mining depletion. The major changes from the Mineral Resource estimate as at 30 June 2021 to the current estimate include: Additions of 1,378,000t grading 2.3% Cu contributed by: New mineralisation intersected during resource definition drilling in the Elrose Levuka South upper areas of approximately 497,200t grading 2.8% Cu. Reassessment of the geological interpretation in the Emerson area adding approximately 880,800t grading 2.0% Cu. Decreases of 1,069,000t grading 1.9% Cu were the result of: Mining depletion of 594,000t grading 2.1% Cu. Reassessment of the geological interpretation following resource definition drilling in the Macy and Elrose Levuka North. Geotechnical and geological reassessment of the Elrose Levuka South Lower located within geotechnical stress zones close to the sublevel cave. Ore Reserves: Similar to the outcome with Mineral Resources, infill drilling and mine planning evaluation has successfully increased the Ore Reserve estimate year-on-year in terms of ore tonnes and contained copper, gold and silver. The majority of the increase has been in the Deeps area (Elrose Levuka South - Lower). Total Ore Reserve tonnes have increased by 8%, contained copper by 19% and contained gold by 22% year-on-year net of mining depletion of 594,000t grading 2.1% Cu and 0.7g/t Au. The major changes from the Ore Reserve estimate as at 30 June 2021 to the current estimate include: The break-even cut-off grades for longhole stopes was calculated at 1.4% Cu for the upper (above 0mRL) and 1.6% Cu for the lower zones (below 0mRL), compared to 1.0% Cu and 1.5% Cu used for the 30 June 2021 Ore Reserve estimate. The break-even cut-off grade for the SLC was estimated at 1.6% Cu compared to 1.5% Cu estimated for the 30 June 2021 Ore Reserve estimate. Infill drilling in Elrose Levuka South "Deeps" added 316,700t grading 3.1% Cu. This has enabled a detailed mine plan and schedule to be extended 3 years ahead of the current production level. Production from the upper areas (above 0m RL) outpaced the rate of infill drilling resulting in a decrease of 214,700t grading 2.0% Cu in the Macy and Levuka North and South areas. Drilling is currently underway in the Macy area to address this.
공시 • Aug 08AIC Mines Limited Provides an Update on Exploration Activity At Its Lamil Gold-Copper ProjectAIC Mines Limited provided an update on exploration activity at its Lamil Gold-Copper Project located 3 kilometres west of the Telfer Gold-Copper Mine in the highly prospective Paterson Province of Western Australia. Overview · A 5,000m program of reverse circulation (RC) drilling has recently commenced at the Lamil Project. · The drilling will test four previously undrilled targets. The Sundew, Flame Pea North and Flame Pea South targets will be tested for copper-gold mineralisation proximal to major regional structures. The Foxtail target will be tested for Nifty- style copper mineralisation. The diamond drilling program that commenced in June at Lamil is almost complete. Four diamond holes for 1,584m have been completed at the Lamil Dome Prospect. Drilling is currently underway at the Goodenia target and once completed the rig will move to the final hole of the program at the Firebush target. AIC Mines has recently met the expenditure requirement to earn a 50% interest in the Lamil Project from Rumble Resources Limited ("Rumble"). Rumble can now elect to form a joint venture in which AIC Mines and Rumble will each hold a 50% interest and contribute equally to exploration expenditure moving forward. If Rumble does not elect to form the joint venture, then AIC Mines can elect to earn an additional 15% interest by sole funding a further $4 million in exploration expenditure within 12 months.
공시 • Aug 03AIC Mines Limited Provides an Update on Resource Definition Drilling and Exploration Drilling At Its Eloise Copper Mine in North QueenslandAIC Mines Limited provided an update on resource definition drilling and exploration drilling at its Eloise Copper Mine in North Queensland. Initial exploration drilling at the Macy North and Elrose Levuka North targets has been completed. Three holes tested for extensions of mineralisation to the north of the Macy resource (Macy North) and one hole tested the northern extension of the Elrose Levuka trend. Sulphide mineralisation was intersected in all four holes. A resource definition drilling program in the Macy area, comprising of 42 holes for approximately 5,000m, is in progress. To date, 25 holes for a total of 3,130.4m have been drilled. All holes are being collared off the Macy 700 Access (700m RL or 500mBSL). Drilling has been conducted on a 25m x 25m spacing. Results received to date have confirmed the continuity of the high-grade mineralisation in the Macy area and will upgrade the Mineral Resource from Inferred to Indicated category. An exploration drilling program has been completed at the Macy North and Elrose Levuka North targets. Three holes for 1,933.3m were drilled at Macy North and one hole for 366.4m was drilled at Elrose Levuka North. The aim of the program was to test for extensions of mineralisation to the north of the Macy resource and to test the northern extension of the Elrose Levuka trend. Sulphide mineralisation (pyrrhotite and chalcopyrite) was intersected in all holes. The mineralisation and alteration style intersected at Macy North are similar in character to the five lenses that are being mined in the Macy resource area. The presence of a well-developed alteration envelope with chalcopyrite has confirmed the continuation of mineralisation up to 270m north of the current Mineral Resource limits at Macy.
Price Target Changed • Jul 14Price target decreased to AU$0.68Down from AU$0.73, the current price target is an average from 2 analysts. New target price is 54% above last closing price of AU$0.44. Stock is up 63% over the past year. The company is forecast to post earnings per share of AU$0.12 for next year compared to AU$0.023 last year.
공시 • Jun 25AIC Mines Limited Announces Drilling Results from Eloise DeepsAIC Mines Limited reported that resource definition drilling in the Eloise Deeps area at the Company's Eloise Copper Mine continues to intersect high-grade mineralisation 75m below the low current mining level. In addition, initial observations from exploration drilling at the Macy North target are promising. Resource Definition Drilling Eloise Deeps: A resource definition drilling program in the Eloise Deeps zone, consisting of 26 holes for a total of 5,091m is in progress. All holes are being collared at the base of the decline (-315m RL or 1,505mBSL). The aim is to upgrade the resource confidence from inferred to indicated, up to 100 vertical metres below the low mining level at the z305mRL, representing the next four production levels of the sublevel cave. The program is being drilled in two phases. Phase 1 provides 50 x 50m drill spacing down to z405mRL, and 25 x 25m spacing for the next production level, z330mRL. Phase 2 provides the remaining infill drilling to complete 25 x 25m drill spacing down to the z405mRL. Phase 1 drilling is complete and Phase 2 is in progress. A drill spacing of 25 x 25m has been achieved down to the z380mRL, representing completion of drilling for the next three levels of the sublevel cave. Copper assays have been received for all of the Phase 1 holes. The results have confirmed the down plunge continuity of the high-grade mineralisation up to 75m below the base of the Indicated Resource. Recently received significant intercepts include: ED208 - 2.6m (2.5m ETW) grading 1.74% Cu and 0.34g/t Au; ED208 - 3.0m (2.9m ETW) grading 2.21% Cu and 0.26g/t Au; ED208 - 2.6 m (2.5m ETW) grading 2.72% Cu and 1.35g/t Au; ED209 - 18.5m (18.0m ETW) grading 3.42% Cu and 0.60g/t Au; ED209 - 4.9m (4.78m ETW) grading 3.46% Cu and 2.44g/t Au; ED210 - 29.7m (28.9m ETW) grading 4.01% Cu; ED210 - 4.7m (4.6m ETW) grading 3.21% Cu; ED211 - 2.0m (1.9m ETW) grading 1.70% Cu; ED212 - 4.1m (3.9m ETW) grading 3.58% Cu; ED212 - 11.0m (10.7m ETW) grading 2.94% Cu; and ED212 - 10.0m (9.80m ETW) grading 2.18% Cu. Exploration Drilling Macy North: Surface exploration drilling is currently underway at the Macy North target. Two holes for 1,150m have been completed and a third is in progress. Assay results for these holes are pending. Sulphide mineralisation (pyrrhotite and chalcopyrite) within zones of carbonate-silica-chlorite alteration was intersected in both holes. The mineralisation and alteration style are similar in character to the five lenses within the mineralised corridor that are being mined in the Macy resource area. The presence of a well-developed alteration envelope with chalcopyrite has confirmed the continuation of mineralisation up to 270m north of the current Mineral Resource limits.
공시 • Jun 23AIC Mines Limited Announces Drilling Commences At the Lamil Gold-Copper ProjectAIC Mines Limited announced that drilling has commenced at its Lamil Gold-Copper Project located 30 kilometres west of the Telfer Gold -Copper Mine in the highly prospective Paterson Province of Western Australia. The Lamil Gold-Copper Project is located in the Paterson Province in the northwest of Western Australia, 500 kilometres east of Port Hedland. The Paterson Province is one of Australia's most highly endowed yet under-explored mineral provinces. It hosts the world-class Telfer Gold-Copper Mine, the Nifty Copper Mine and the recent copper-gold discoveries at Winu by Rio Tinto and Havieron by the Greatland Gold- Newcrest JV. The Lamil Project, which covers an area of 1,280km², captures a covered belt of Yeneena Supergroup rocks. The belt is bound by two deep penetrating, belt parallel, NNW trending structures. The eastern flank of the Lamil Dome Prospect will be drilled by four diamond holes at a spacing of approximately 1km to a minimum vertical depth of approximately 400m. Wide-spaced aircore drilling completed over the dome in 2020 indicated the presence of a large albite alteration halo associated with elevated copper assays along the contact zone of an extensive mafic intrusive and metasedimentary rock. Follow-up, wide-spaced (800m lines) reverse circulation ("RC") drilling on the eastern flank in 2021 confirmed the presence of alteration and returned a best result of 1m grading 2.26% Cu and 51ppb Au from 90m, further confirming the prospectivity of this zone . The planned drilling is aimed to test the mafic intrusive contact down dip of the shallower level intercepts along its 4km strike. The drilling will be supplemented with down-hole electromagnetic surveys ("DHEM") to detect any `off-hole' massive sulphide mineralisation. At the Goodenia Prospect a 750m deep diamond hole is planned to test this conceptual base metal (Zn- Pb-Cu) target. Wide-spaced RC drilling in 2020 and 2021 intersected intervals of elevated zinc and lead in carbonaceous siltstones overlying a coincident gravity and magnetic anomaly. The RC results may represent a distal halo to a large sulphide system represented by the geophysical anomalies. A single hole is planned to intersect the centre of the modelled gravity anomaly. Drilling costs of up to $150,000 (50% of drilling costs) will be funded by a Western Australian Government Exploration Incentive Scheme (EIS) grant. The Firebush Target is located at the northern end of the project and is considered prospective for sediment-hosted Zn-Pb deposits (e.g. Warrabarty style) and Telfer gold-copper mineralisation in interpreted Isdell Formation sediments. The target lies along strike of the Rio Tinto-Carawine Resources Red Dog JV project and is defined by a discrete gravity anomaly under 160m of Permian cover rocks. A single hole targeted at the centre of the gravity anomaly is planned to test the anomaly and provide insights into the basement geology in this area. Drilling costs of up to $150,000 (50% of drilling costs) will be funded by a Western Australian Government Exploration Incentive Scheme (EIS) grant.
분석 기사 • Jun 09Returns At AIC Mines (ASX:A1M) Are On The Way UpTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...