Chin up LOC, the exploration results unearthed no bonanza finds, but it must be remembered they were all step out holes close to existing mining infrastructure. Some of these solid extensions will still find their way into future mine expansion plans.
The main event isn't our piddling exploration program; all eyes will be fixed on Federation and Peak production numbers.
This quarter will be a big win if they have mined/milled between 170kt to 200kt of ore.
Federation will only contribute roughly 18kt to the overall total.
If Peak can hit near June Q mine rate it will be a massive win.
Peak's consistent development metres have elevated this mine camp into a much more consistent cash flow producing asset.
At current spot prices coupled with a falling cost base AMI is in a very good place!!
(20min delay)