AME
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2.86% 3.4¢ alto metals limited

I hold both AME and MDI - IMO there’s massive up side in...

  1. CBRJT2020
    176 Posts.
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    02/11/20
    16:24
    Post #: 48589452
    I hold both AME and MDI - IMO there’s massive up side in both.

    MDI have stated they plan a modest upgrade to their mill to process 700K tpa. They also plan to be in production in 2021.

    AME can only benefit from that upgrade - with cash reserves of approx $5.5M and another $1.9M coming through options this quarter, I can’t see them funding their own plant.

    So sit back, relax, and wait for 2021. It’s going to be a good one for both MDI and AME.

    GLTAH
    AME Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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