Cheers @BBBster I really do appreciate you taking the time to look over this. I tend to get the bit between the teeth and get confirmation bias which is obviously not a very profitable state to be in when investing in stocks. TBH my reason for entry is purely based around Federation and I'm not focusing on the rest of the business as much as what I probably should have.
Keep in mind these are all back of the envelope calculations and everyone should DYOR as @BBBster wisely mentioned. After taking another look at the last Q results, my figures are more than a little out. In fairness though, I did say approximate net cash position for June Q not current net cash.
This is how I estimated Net Cash at end of June (not current). Cash $80,700,000 Concentrates Stockpile $21,900,000 Improved Quarterly $17,000,000 Cash $119,600,000
Debt $40,900,000 Debt Payment June Q -$ 4,100,000 Debt as of June Q $36,800,000
Net Cash $82,800,000 I was off by 7.8 mill
Improved Quarterly / June Quarter Production Needed to Hit Guidance Gold FY23 Guidance = 104,000oz need to produce June Q...Gold 27,500oz. March Q Actual= 21,803oz Lead FY23 Guidance = 25,000 ton need to produce June Q...Lead 5,500 ton. March Q Actual= 5,576 ton Zinc FY23 Guidance = 33,500 ton need to produce June Q Zinc..inc 8,900 ton. March Q Actual= 7,228 ton Copper FY23 Guidance = 3,300 ton 1,000 ton need to produce June Q 1,000 ton. March Q Actual= 1,015 ton
Having looked over last quarter results again, I believe I have underestimated costs by only including growth capex. The true CAIC spend for last Quarter is close to 30 million.
My updated estimated cash generation will be closer to 23million for June Q. This would give AMI a net cash position of $67million at the end of June Q.
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