Well we got the rerate- wrong direction unfortunately…..
looking at AMI and the different operations, IMO values below should underwrite the current market cap.
Dargues - $100M
Peak - $100M
Hera - $20M
Federation - $200M +
i think a couple of the concerns the market has here are that production growth will likely be fairly flat into next financial year (probably around 100k ounces -60k Peak, 30-35 Dargues, 5-10 Hera ) and all cash produced will go directly into paying for great Cobar and Federation. So really will be negligible cash build until sometime in FY24 or FY25 IMO. I read somewhere that Federation capex will likely be well in excess of 100M plus to get the plant upgraded
Ann: Quarterly update and outlook - March 2022, page-44
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $287.5M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $1.116M | 6.605M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 286431 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 203635 | 7 |
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| AMI (ASX) Chart |