There are mixed feelings about my expectations. I expected good...

There are mixed feelings about my expectations.

I expected good production output for Peak mine but the copper was down -23% to 592t and the gold was down -10% to 11.8 koz with lower head grade -17% to 2.4g/t.

The problem was because the company processed lower gold- copper rich ore volumes on the back of strong exploration results at the Peak mine.

Dargues mine beat the market expectation at all fronts.

Zinc production was the best performer in a better, prevailing market condition.

Scott, a Pacific Road Capital manager said the market value for gold - metals were 5-6 times and 3-4 times respectively but Ami is traded at 2.5 times so It was an attractive investment.

He also said NSW ore bodies tended to offer shorter mine lives compared to other regions and the Ami's representative also agreed but Nathalie, a Deputy Secretary of mining &geoscience said the government is committed to spur more mining investments in the region so I believe the gov will offer some supports via incentive plans.

It's too cheap at this price given the Dargues mine was not priced in.

Go go go Ami