Last quarter they generated operating cash flow of 20.6M, which included an investment of 4M in two underground trucks. So assume closer to 25M.
Throughput is forecast to rise to 200kt this quarter (25% uplift), plus we have been advised AISC is to trend down for remainder of the FY. Coupled with stronger metal prices and feed from Federation, I am hoping to see cash flow of 35M+.
In addition I think we are now in the final quarter of major growth capital spend at Fed - 64.8M in FY24 + 70-80 forecast in FY25.
I am hopeful to see an announcement in the coming days if there is good news to be told
AMI Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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