I dug deeper into the numbers I dug a bit deeper into the numbers and saw what incredible reserves AEMC has:
Mineral Resource Estimate of the Inferred Mineral Resources
Eureka Zone East:
88.6 million tonnes grading 0.35% NiEq% containing:
- 471 million pounds of nickel
- 165 million pounds of copper
- 34 million pounds of cobalt
- 548,700 ounces of platinum, palladium, and gold
Eureka Zone West:
182.8 million tonnes grading 0.28% NiEq% containing:
- 1,080 million pounds of nickel
- 208 million pounds of copper
- 81 million pounds of cobalt
- 792,400 ounces of platinum, palladium, and gold
I am very impressed and assume that given these impressive numbers, the stock price at this moment does not reflect the enormous potential of this mining company.
In addition, this company has further claims on large areas where huge quantities of such resources may also be found.
Can we say that this is a sleeping undervalued giant?