This is in no way comparable to KBL. KBL had multiple small resources cobbled tighter to give the impression of a long term resource. In most of KBL's presentations they failed to disclose the whopping debt levels much of which was short term and imposed massive restrictions on any upside I.e. The Quintana streaming obligations
AMI has a 6-7 year mine life (from a single mine not multiple) which is very well defined and with very good exploration upside. Even if all debt were paid from cash and no further resources were found then you should have a surplus of $130m+
Glencore debt is convertibile at AMI's discretion and ~25cps and AMI recently reduced mining costs by 20%. In my opinion this is a solid 300% gain over the next 18months with my only caveat being the metal prices. In any event if metal prices collapse no-one is safe
AMI Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)