AMI 0.00% 21.0¢ aurelia metals limited

Ann: Nymagee Scoping Study Commences, page-3

  1. 22,411 Posts.
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    IMO, they might be jumping the gun here because:
    -all available cash ought to go to paying down debt in case of any unforeseen circumstance
    -the plant is producing at capacity and will be for at least 4 years
    -the price of gold, lead & zinc in AUD is good now but may not be in say 2-4 years time
    when there could be pressure to meet debt commitments then

    In summary, IMO, we should be conserving cash and paying down debt ASAP rather than
    forking out lollies on Nymagee which is 4-5 years down the track
 
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