Fantastic results !!!!!! Congratulations to all long suffering...

Fantastic results !!!!!!
Congratulations to all long suffering holders.
We deserve to be rewarded. It was quite daunting at times on top we had an annoying resident poster who loved to add insult to injury.( poo pipe)
We will never know what his/her motive was but now he has moved to RXL. I'm a long term holder of RXL which is doing great right now.

From my back of the envelope calculation, AMI combine June quarter production including GOLD + COPPER + LEAD + ZINC is equivalent to 51-53K Gold Ounces. Please correct me if I''m wrong.

As I had suspected this stock was under heavy accumulation from many different institution which we found out in the last 3 months. Accumulation is done and the mark up phase is beginning. With our luck and a golden gold bull era, a price over $1 is not unimaginable. If DEG can go to a $1 then anything can happen.

My calculation for 51-53k ounces equivalent. (I wish the company presented this in the quarterly to give a clear pictures for all of us who are not so sophisticated.)


Preliminary group production figures for the June 2020 quarter are:
 Gold: 32.8 koz
 Copper: 1.8 kt (1800 x USD $6038 x 1.45 AUD exchange rate =AUD $ 15758180/2600= 6060 oz's
 Lead: 6.8 kt ( 6800 x USD $1760 x 1.45 AUD exhange rate = AUD $ 17353600/2600= 6675 oz's
 Zinc: 5.5 kt  ( 5500 x USD $2036 x 1.45 AUD exchange rate = AUD $ 16237100/2600= 6245 oz's

Therefore 32800 + 6060 +6675 +6245 = 51780 Approx.
The price received, exchange rate etc and hedging will alter this figure. This is just back of the envelope rough estimate.
Please please correct me if I have calculated in a wrong way.

Also below is my chart which I posted exactly a month ago (1-2 June 2020).
This is the same chart with today's update so far.




With approximately 26 miilion cash on hand increase in June quarter, I am assuming the AISC will be very low. However we cannot expect them to hit these figures every quarter or maybe it will even better this once we get to Kairos lode. AMI has done that before with an AISC of as low as 400-500.

Once again good luck to all fellow shareholders. You have seen the pain now about to experience the gain.