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clock Created with Sketch. 01/04/23
15:04
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Originally posted by sydneysider
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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.
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Worth hedging some of the gold? I notice that Aeris did recently but they jumped to early and out of the money
(20min delay)