GOLD 0.51% $1,391.7 gold futures

had a look at ami - higher market cap than the 2 cos we were...

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    had a look at ami - higher market cap than the 2 cos we were discussing for 1/3rd the gold equivalent production ie 50koz pa gold eq vs 170kozpa.

    the ami gold eq production cost is misleading because it uses the zinc and lead as credits/offsets against the cost base

    overvalued by that measure

    not saying its no good

    just not nearly as good if you want gold price earnings leverage
 
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