Aeris Resources (ASX:AIS): Reassessing Valuation After Long‑Serving Director Robert Millner AO Resigns

Aeris Resources (ASX:AIS) has just announced the immediate resignation of long serving Non Executive Director Robert Millner AO for personal reasons, prompting fresh questions about board composition and future strategic direction.

See our latest analysis for Aeris Resources.

The timing of Millner’s departure comes as investors have already been re-rating Aeris, with the share price at A$0.54 and a 30 day share price return of 21.35 percent. This has fed into a powerful year to date share price gain of 208.57 percent, alongside a 12 month total shareholder return of 208.57 percent that suggests sentiment has swung sharply back in the company’s favour.

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With the share price having more than tripled this year and analysts still seeing modest upside, the key question now is whether Aeris remains undervalued on fundamentals or if the market is already pricing in its future growth.

Most Popular Narrative Narrative: 13% Undervalued

With Aeris Resources last closing at A$0.54 against a narrative fair value of A$0.62, the story points to more upside baked into long term forecasts.

The development of the Murrawombie Pit is expected to generate significant cash flow over the next 12 to 18 months, due to higher grade ore and increased production levels. This will positively impact revenue and operating cash flows as the pit reaches full operational capacity.

Read the complete narrative.

Curious how shrinking margins, shifting production hubs, and ambitious earnings expectations can still support a higher value than today’s price? Unpack the full narrative math.

Result: Fair Value of $0.62 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, delays at Murrawombie or cost blowouts on major projects could choke near term cash flow and quickly undermine the undervaluation story.

Find out about the key risks to this Aeris Resources narrative.

Build Your Own Aeris Resources Narrative

If you see the story differently or want to dig into the numbers yourself, you can build a custom narrative in just minutes, Do it your way.

A great starting point for your Aeris Resources research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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