bullish
Amaero International Ltd - More milestones met, moving closer to commercialisation
SUMMARY
- RaaS has published a flash comment on advanced materials manufacturing group Amaero International (ASX:3DA) following the company's recent announcements that it has ordered its third EIGA and that it has secured Aerospace Quality Management System AS9100D accreditation for the Tennessee facility for the manufacturing and testing of metal powder and PM-HIP production, both important milestones on the path to commercialisation.
- We have already incorporated the company’s capex guidance in our forecasts so do not anticipate any change to our estimates from these announcements.
- Our base-case DCF valuation is $1.16/share, fully diluted, which represents potential capital upside of 346%.
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