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Auroch Minerals Ltd  ASX:AOU

Company

First Coverage

Current Price

Current Return

Highest Return

Auroch Minerals Ltd ASX:AOU

$ 0.215

24-Mar-21

$ 0.155

-28%

30%

View Company Page
Report Date Price Current Return
WA Nickel Developer in Close Proximity to BHP’s Smelter 24-Mar-21 $0.215 -28%
This ASX Stock to Help BHP Help Tesla? 24-Mar-21 $0.215 -28%
AOU Delivers Us An Early Result 31-Mar-21 $0.250 -38%
How Our Investments Performed in Q1 of 2021 21-Apr-21 $0.205 -24%
Promising Signs for a Potential New Nickel Sulphide Discovery 28-Apr-21 $0.185 -16%
AOU is Drilling a High Priority Nickel Target Now 06-May-21 $0.230 -33%

Overview

📋  About: AOU is a nickel sulphide focused base-metal resource company building value through targeted high-impact exploration in Western Australia. AOU has three nickel projects in WA.

🌏  Macro Theme: Tesla chief executive Elon Musk commented that nickel was the company’s “biggest concern” in scaling lithium-ion cell production. Nickel is one of the priority metals in the manufacture of Tesla’s batteries and the car giant is looking to increase its nickel supply. There may also be some direct investment from other auto manufacturers who have expressed a desire to move to a vertically integrated model whereby they have better control over the supply chain in relation to commodity inputs. From a longer term perspective, analysts are generally expecting tailwinds for the nickel price due to increasing demand from the electric vehicle industry. The World Bank predicts that Nickel demand is guaranteed to increase by some of the most dramatic figures by tonnes.

Why We Invested

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Tight capital structure
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Potential quick translation from exploration to production
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Proximity to processing facilities
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Previous management believed the resource extended beneath the historic mine
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AOU has existing Nickel resources of over 1.6m ton at 2% Nickel
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