Thanks Peakabooau This is really important as previous...

Thanks Peakabooau

This is really important as previous outstanding intercepts at Federation and the Peak haven’t been recognised by the wider gold investor community.

They haven’t converted the multi-metallic (let’s just call them solid metallic at those grades) intercepts into gold equivalent grades and therefore missed the potential incredible margins from these deposits.

• Just take a good look at the width of that first Federation intercept and the gold equivalent grade….if that deposit was located in WA, and had Tolga or Bill Beament promoting it, it would be $1bn as a stand alone asset already
• Venturex is close to $500m for a deposit that looks like the low grade halo to Federation, without the gold
• It is still early days at Federation - it will get an exploration decline soon, and the deposit will quickly gain scale as they drill from underground and at depth
• The Peak intercept at Kairos is also excellent - even better is this mineral is being fed to the mill and we will begin to see higher head grades, increasing production and lower costs

AMI either re-rates significantly, or it is going to get acquired. Simple.