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07:43
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Originally posted by sydneysider:
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Ami free cash flow over $1M per week, bolstering a cash horde of around $36M. The miners at Parkes are about 80 meters away from a newly defined, very high grade gold lode. Current forecast is 83,000 old ounces at ASIC at $2300 per ounce. Current gold is already above $3,000 per ounce. What happens when this very rich ore hits the process plant? AMI has completely revamped its management team and appointed a new mine manager at Parkes. So expect opex to go down. IMHO the entire restructure of operations / debt/ boost cash flow will continue to soar IF the gold price continues to move higher. good luck to all longs
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Correction. Miners at Parkes are only 10 meters from a high grade gold lode.
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