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AIC Mines Ltd IAUFF

Metals & Mining Industrial Metals & Minerals
AIC Mines Limited is an Australia-based resources company. The Company is engaged in the exploration, mine development, mine operations and the sale of copper concentrate in Australia. Its projects include the Eloise Copper Mine, Marymia Project and Lamil Project. The Company owns the Eloise Copper Mine, a high-grade operating underground mine located Southeast of Cloncurry in North Queensland. It is also advancing a portfolio of exploration projects that are prospective for copper and gold, which include Jericho Copper Mine, Pyramid Project, Delamerian Project, Peake and Denison Copper Project and Windsor Base Metals Project. The Eloise Regional project consists of approximately 2,000 square kilometers (km2) of contiguous tenure. The Marymia Project is located approximately 160 kms south of Newman in the eastern Gascoyne region of Western Australia and covers approximately 3,600 km2. The Lamil Project is located in the Paterson Province of Western Australia.


OTCPK:IAUFF - Post by User

AIC Mines Ltd
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Comment by b00gn1shon Oct 01, 2007 8:26am
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Post# 13498398

RE: Merger Presentation on website

RE: Merger Presentation on websiteI agree that post-merger with NuStar that selling by an Aussie shareholder was a substantial weight on the share price. Then, the ASX share price did lead the TSX price lower. Not sure we're seeing the same dynamic here now. Hard to say which is leading, but right now I'd say it's Australia. Difficult to say that Australian share price is lagging. Best would be if the TSX and ASX share prices continue to leapfrog each other. IAU.AX closed Monday AUD $.375 (or CAD .332) EMP.AX closed Monday AUD $0.09 (or AUD .3825 @ 4.25x) Emperor volumes were highest since merger announcement (5.3mm), and IAU.AX was also well above average volume. For Toronto listing to keep up, it should close today between $.33 and $.34. Good news is that it appears we may finally be out of the downtrend. Nearly a cup and handle formation, but the cup is just not big enough.
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