Ann: June Quarter Production, page-134

I'm sorry Mr P, I like the AMI story but I doubt our operations is worth $2.3 billion.

That would make it comparable to EVNs Cowal operations with a NAV of $2.48 Billion.

Or NSTs Superpit with a NAV of $2.46 Billion

AMI would have to spend a lot of time and Capex developing Peak and Hera to get that kind of valuations. Given time (a decade) and money; that kind of valuation is possible, those two mines above (Superpit and Cowal) had to start from somewhere Peak and Hera is in now.

We will need to be careful dishing out numbers like that, there are people reading this that are new to the game. Plenty of sob stories in the other threads. I for one would not want to read it on the AMI boards.