Aurelia Metals Shareholders Waiting for Answers

Aurelia Metals has officially declared the start of production at its NSW gold and base metal prospects without creating any fresh investment interest. The appraised value of the Hera project exceeds the market value of the company but at least two additional pieces are probably needed to complete the jigsaw: firstly, proof from profit reports that financial outcomes are consistent with the pre-production feasibility studies and, secondly, a commitment by the company to the next stage of production to support future value uplift. The company has not provided any renewed profit guidance based on its recent operating experience. It has continued to refer to the feasibility study as the basis for financial expectations. That could be a sign directors are confident about meeting those expectations or simply trying to avoid a direct statement. The Nymagee project which was to be integrated with the Hera development seems to have fallen in priority and its status needs clarification for the value proposition - and earlier market excitement - to be restored.