I wouldn’t worry too much about them - weird that they trade around the 5% threshold…embarrassing really
Think we could be in for a serious re-rate in January. Zinc is nearly 40% above the price used in guidance, lead and copper over 10% higher. AISC should be well under forecast, and they will need to re-set the yearly AISC lower as well.
Four drill rigs at Federation so there should be another round of excellent drilling results
Federation decline to commence in 2022, first production in 2023. Will easily add $150m pa in EBITDA for a decade, maybe + $250m pa with higher production and spot pricing.
A lot of positive newsflow - that just isn’t priced in
AMI Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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