Cost's down, production up, Peak FCF covered Fed growth capex, sharp improvement in development meters at both Peak and Fed. Cash balance still hovering around 100 million, 38 million remains undrawn within finance facility. Even after these fantastic results market cap still sits below book value. Future mining rates to be consistently ahead of processing with stockpiles adding future ore mix optionality based on commodity price/ recovery/ blending for improved throughput utilisation.
January gold production tracking along very nicely according to COO (gold price has risen over $300 QoQ).
Fed geology looks more complex than first thought. Mine plan has been adjusted accordingly. Ramp up remains on track after adjustments.
I was very happy to be able to fill my boots at 17.5c after reading this ripper of a report.
GLTAH
AMI Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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