AMI forecast production of 83,000 gold ounces at ASIC of A$2300. That provides free cash of A$700 per ounce for an annualized grand total of $58.1M or $1.1M per week (for the next year) of (guesstimate) free cash flow. So now they can fund Federation Mine from ongoing free cash flow and cash stash. Federation has a mix of base and precious metals that have a gold equivalent of 7.7 g/t for JORC reserve of over 2M tonnes and double that in resources, so very speculative guesstimate of 6M tonnes x 7.7 g/t = 1.5M ounces. So what is that worth? It is multiples of the current share price. Bought some on Friday. Good luck to all longs
AMI Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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