Ann: Leadership Transition, page-38

I agree with most of what you're saying but the thing that's kept me interested in AMI is the total dependence it has on base metals. If you strip out the base metals, AISC is around $1650/oz from memory. If sentiment turns down, growth slows or we slip into a global recession, demand for copper, lead and zinc will almost certainly fall with it. And if base grades are persistently poor and they can't deliver the 2-3 con loads per qtr, the compounding effect of lower con volumes and lower base prices means the hit to AISC will be massive.

IMO there are better gold plays that aren't so reliant on base metals like AMI.