RE:Very low costs
I believe they were targeting aprox. 140 thousand ounces of gold per year in the first year of production and then aprox. 180 thousand ounces in the second year.
Allowing aprox. 10% for the gold stream that would leave AOT with aprox. 160 thousand ounce of gold in the second year. Allowing for an AISC of $1200 US that would leave a profit of aprox. $1200 US per ounce or aprox. $190 million US or aprox. $250 million Cdn. per year.
With a current market cap of aprox. $325 million that equals an aprox. 80% yearly profit on shares bought at these prices before income taxes etc.
So we basically have a debt free company which will be getting another near $30 million cash injection soon while ramping up production which according to the last news release is going quite well now. And lets not forget that they have a lot of relatively rich gold resources and a large land package to explore.
I think a lot of people will be surprised how much money this company will make in the years to come and all that cash will be piling up in the bank very fast as there is not really any debt with this company. They could use that money all kinds of things. Dividend, share buybacks buying other properties etc.
As many others on these boards i have seen my share of these situations over the year of someone starting up a mine and this one appears to be one of the best positioned small gold miners i have ever seen. I am up to over 230 000 shares and may pick up a few more.
Good luck to all.