Generally, a Tier 1 asset is 10 million tonnes of reserve giving a ten year life at a million tonnes/annum.
Federation is not quite there yet. Not even Dan can break this one.
It beggars belief that we are talking like this. Can you imagine if Aurelia had a dynamic, approachable and astute CEO. The future is bright despite the apathy and lack of communication. The only money made to date is the institutional shorters and Pybar when they sold Dargues.
Kerry Packer quipped, "You only get one Alan Bond in your lifetime, and I've had mine". Packer was then able to reinvest the proceeds in a 25% share in the Foxtel pay TV consortium.
Pybar would say the same thing about Dan Clifford.
AMI Price at posting:
28.3¢ Sentiment: None Disclosure: Held
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