Ann: Quarterly update and outlook - March 2022, page-64

Wouldn't mind taken the other side of that bet Matt.

Labor availability should improve QoQ with vax mandates scrapped and the mandatory isolation period dropping by half.

Federation capex spend has yet to even ramp up yet. Judging by the incredible resource grade, the Feasibility studies should show a world class IRR and payback time for the project. They have many options to help reduce capex if need be. Federation will use Hera and Peak's existing processing plants in the interim if inflation continues to potentially eat into margins .

The average zinc and gold prices are actually higher than last quarter's average Zinc and gold sale prices (excluding Zinc sold at Hera).
Lead, silver and copper have all dropped but they make up a smaller piece of the pie.


The 22 million in extra concentrate sales should guarantee a June Q cash build!
The question is how much?

Felt very strange to see AMI outperforming the rest of my portfolio today.
Maybe we are close to a trade bottom?