Sometimes it is good to look at things from a distance. After a few hours you have digested the mediocre news and concentrate again on the essentials. Gold is rising again. Powell talks tomorrow. I think that could be interesting. 2021 with a POG of 2500 USD/oz or more and the AMI story changes again.Copper inventories are at their lowest levels in 5 years. For whatever reason. Either you anticipate a strong economic recovery (= inflation) or you expect a strong 2nd corona wave (= stimulus = higher money supply = higher gold price = lower dollar and later much more inflation = higher gold price). Mine life is simply a problem at AMI so I would love to see you buy something in gold or gold/CU in the coming weeks. I think it doesn't look so bad.
Ann: FY20 Financial Results Presentation, page-47
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