Comparison

RVR acquired Hillgrove for $4mill - a plant with 250ktpa throughput and expected output of 30koz of gold (initially). Then the news of potential increase to mill throughput to around 400mpa and subsequent increase to gold production to around 50koz gold pa for more than 5 years - cost of production yet to be disclosed.

AMI just purchased a gold mine with a new processing plant for a tad over $200mill (and regional tenements) - the mine expected to ramp up to nameplate capacity of 355ktpa by mid 2021 and produce up to 55koz gold over 5 years. AISC expected up to A$1350/oz over the period.

Both companies have other assets. AMI has paid dividends already and its SP is around 44c (previously higher).

All the best to holders of AMI but RVR's acquisition was a gift as compared to AMI's forking out the amount above.

Whilst AMI can see value, RVR swooped on a bargain.