AMI 2.94% 17.5¢ aurelia metals limited

These are pretty loose numbers so take with a grain of salt......

  1. 3,066 Posts.
    lightbulb Created with Sketch. 1852
    These are pretty loose numbers so take with a grain of salt... but AMI, once Federation is ramped, should be doing ~1.3mtpa of throughput across  its Cobar operations at something around 2.9% CuEq (recovered/payable grade). Comp it versus some asx peers such as ADT and MAC and the valuation discrepancy appears obvious.

    My view is this is in a big part a result of a register filled full of scarred retail (very few instos on board) - and perhaps warranted... but if they are able to execute then there is quite some catching up to do.

    upload_2024-9-26_7-43-3.png
 
watchlist Created with Sketch. Add AMI (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.