AMI closes on a new all time high soon, page-88

The time frame has been a little more difficult to ascertain. I wasn't expecting the Pb/Zn circuit at Peak to have difficulties and not only affect recoveries but also restrict throughput. Had this not happened then mining the Pb/Zn vein at Chronos would have been extremely profitable and of course would have saved the millions in expenditure to rectify the issues. That said, we now await all the upgrades and the other surprise that is on the upside that comes with it, is the ramp up to 800,000t/a throughput. I really based that $1.26 on what I expected from Peak, along with the much better mining at the north pod at Hera. Things though are just stacking up...Chronos will provide the gold at the moment at peak to mitigate against the reduced throughput, hopefully allowing close to 20,000oz production for the quarter. If you check some of the gold intervals at the north pod (from memory HRUD470 maybe 370 have to check.....88g/t Au). So we stood at 30,000 oz for the half and could exceed FY guidance of 50,000 oz by this quarter's end because it is much higher grade than what was mined during the previous half. There's even intervals of 50% Pb/Zn and the Hera mill gives great recoveries for those two metals. If we announce we are making progress as far as development of Peak Deeps goes, then if you check out the gold intervals there, it's easy to see we'll be printing money. By next quarterly...I think $1.26 is highly likely. Just need continued exploration success..like the drill results at Chronos, Dominion and in the various directions from the North Pod to continue with there success meaning the veins remain open as they do at present. I still think finding the gold at Dominion will be a major. Finally, if everything goes to plan with the mill upgrade, when Peak deeps production begins, Great Cobar comes on stream (and check out some of the massive intervals there), then milling 1,300,000 tonnes p.a really will leave $1.26 in it's distant wake. I can see $2. Maybe that will be 12 months away. I do agree some of the high predictions like $5 a share are possible, but at the moment there needs to be more to go on. I have no doubt we have at least 10 years great production ahead and that will support $2 given our polymetallic resources, some incredible grades, and the macro conditions of short supply of many of the metals that should sustain the current high prices..every metal we produce is earning well in excess of the budgeted figures eg Gold budget is $1650 while we are now earning $1747 (hedged price)..what lies beyond the 10 years at this stage and in my view, can only be conjecture.