Finally got a chance to listen to the open briefing.
Few points I took away. - FY26 will still have a decent amount of capex spend with (GC - $21M, peak expansion plant projects - $30M as well as some additional growth capital at Federation - Peak expansion plant project will likely be completed sometime in FY27?. At this stage I see FY26 throughout at 800ktpa - An update on plans for Hera will be provided on Wednesday at the quarterly briefing. My guess is they may look at using it to process Nymagee ore. Hopefully with the additional drilling done this year they are getting to a point where it stacks up making the investment to proceed. This means we could see up to 1.5Mtpa processing capacity.
Whilst this is now sitting at a MC of around 500M, I can’t recall AMI being in a better position in terms of mine life. Federation will likely have 10+ years, Great Cobar could be 15 -20+ and Nymagee would likely be 5-6 years and this does not include the other Peak orebodies.
AMI Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)