Current market conditions have created an unprecedented opportunity for “Next Generation” mining companies like ACM Metals who do not have any legacy issues.
Mining capital markets have corrected since the beginning of 2011 forcing large mining companies that overpaid for assets to focus on dramatically reducing costs.
Metals prices fuelled by increased demand have also recently sold off from their peaks but are now forecast for steady growth in line with demand.
Due to current lack of competition caused by current market conditions, ACM’s highly experienced management has been able to secure contracts that are extremely beneficial to ACM and its shareholders whilst still aligning interests with all stakeholders.
ACM has no exploration costs as ACM only licenses existing mines in need of expansion or assets that have local data that needs converting to standards that the market will accept.
ACM lack of legacy issues will enable ACM to adopt latest best practices whilst focusing only on high quality assets with production costs that are in the lowest 5% of metals producers.
Next Generation mining companies with low and flexible operating costs will reap the benefit from current market conditions.
