** Bell Potter says miner AIC Mines' A1M.AX updated Mineral Resource Estimates (MREs) for its Eloise and Jericho deposits at Eloise Copper Mine in North Queensland represent compelling value for a well-managed, Australian copper producer
** Brokerage says that the update incorporates exploration and resource definition drilling completed in 2024 and has resulted in a considerable increase in the Jericho MRE
** Bell Potter maintained its earnings forecasts and "Buy" rating but raised the target price to A$0.66/share, from A$0.62 earlier
** Stock up 20.6% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.