Arizona Metals – exit update
PEA out today and it's bad
A quick note to paying subscribers.
I bought Arizona Metals (AMC.TO) a few weeks back on the basis of its chart formation.
The company today just released its Preliminary Economic Assessment (PEA) for its for the Kay Mine project, and it’s a shocker.
Kay shows an after-tax NPV of MINUS (!) US$6 million and an IRR of just 4.9%, against initial capex of US$6…
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