This is outstanding. The market will soon wake up to the scale and grade potential of Federation - first hole was April 2019, first resource only in June 2020. This is only going to grow quickly and once the decline is developed we will be able to drill the high grade open sections at depth.
Federation is now 3.5mt at 9g/tonne of gold equivalent - let that sink in.
That puts it only third to Fosterville and BGL (10g/t) in gold grade equivalent in Australia. Federation will be materially higher productive and lower cost per tonne than either of those mines.
With low capex due to having a plant and site infrastructure already in place - this is going to provide incredible returns for shareholders.
Kairos to kick in materially mid year and will throw off cash
Copper exploration upside at Great Cobar
More gold exploration upside at Dargues and Peak
Stop whining about short term fluctuations in the share price and take full advantage of the weak hands
AMI Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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