$1900 AUD Gold

Today will be interesting. On one hand with AUD gold at a record high and the new contractor work force in at Peak even a modest quarter of 25,000 ounces at $1,100 AUD bodes well for AMI. Should they pull a decent quarter like they did last year of say 25,000 ounce at combined AISC of sub $800 the share price will look a gift at current levels.

If we get sold down to sub 50 il be buying a few more but would be surprised if this happened.

Unless of course something has gone a miss and us mushrooms have been kept in the dark.

With tech getting hammered again last night and gold rallying again we maybe about to see a market wide sentiment shift away from crap trading on 100x multiples of projected earnings back to cash backed and cash generating quality like AMI and RMS.