Ann: AMI - Quarterly Activities Report - December 2018, page-78

On Friday, PE as follows.
SFR - 9.16
IGO (Nickel, copper & gold) - 50
AMI - 5.42
All are market leaders/darlings.  AMI is yet in that Tier 2 position but is definitely getting there.  Strong copper production through Nymagee and Great Cobar, together with existing gold, lead and zinc will one day see Aurelia materialise as a Tier 2 company with a PE of at least 10 IMO.  Decisions taken from here by JS and the board will have a real bearing on this companies tier positioning.  At the moment, organic growth is positioning Aurelia to make a quantum jump in value.  There is limited opportunities to make major acquisitions in the Cobar Basin.  The best IMO would be Glencore's CSA mine.  PEX is messy with its restrictive JVs.  Aeris would be interesting if it had 10 years copper reserves or found colour at Torrens.  If AIS finds colour at Torrens, it will become the domain of global miners.

DYOR