Yes you are right, spot on, why you do not run calculations whilst talking to someone else on the phone at the same time
take 2 ...
2.8g/ Mt Au
Peak Mine has 1000 kilo tonnes
1 kilo tonne = 1000 tonnes.
1000 x 1000 = 1,000,000 tonnes (1 million tonnes or ore containing 2.8g/t)
2.8M grams of gold = 90,332Oz of Au @ USD$2000/Oz = AUD$180M
Still too small in my view and production is declining from FY2021 to 2022.
What else, 21g/t silver (Ag) [21M grams or 740,753Oz @ USD$25/Oz = USD$18,517,000
So ~AUD$210M of precious metal at Peak Mine, again what is the CAPEX for the mine?
I have been to this mine. There is more gold/ silver in surrounding areas unexplored.
About 100km south is the Manuka Resources Wonawinta mine. Also been there. Surrounding dirt track back to the Kidman has plenty of ore on the road side with silver in it.
In fact if you walk around the area you will find hot rocks scattered in the bush.
Base metals... perhaps keep this mine afloat
AMI needs to bring more drill stories on to get me excited and with the view this is a 10-bagger in the making.
All up there is less than 1MOz of Gold here in the Peak, Hera, Dargeus, and Federation mines.
AMI needs to invest into new drill stories in the surrounding Bear Creek, West Wylong, Hillston, Cobar regions.
Perhaps they should have a look at ASX: EMS, they have a high-grade Cu, with Ag and Au.
Manuka also has ~50M Oz of Ag with Au as well in the area.
They could do business with a lot of exploration/ drilling stories plus junior miners in the area.
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