The company obviously knows there has been some disappointment in the last two quarters with not a lot to look forward to in the next 2-3, so it is good to see that they are mentioning the upside that awaits with higher grade bodies to be mined in the future. Question is whether shareholders can look past increased growth Capex and decreased gold production over the next year first.
Still, if a bad year for AMI is 85k ounces at a margin of around 600-700 bucks an ounce then there is a lot worse I could be holding. Particularly when 25% of the share price is backed with cash in the bank.
Ann: AMI Investor Presentation July 2019, page-6
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