AMI 5.26% 18.0¢ aurelia metals limited

The highlights in my view: Our sum of parts valuation for AMI...

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    The highlights in my view:

    Our sum of parts valuation for AMI assumes the Peak transaction completes. We see the transaction as value accretive, conservatively adding over A$220M worth of value. Our latest modelling dilutes for new equity and is adjusted for the change in debt. Both our Hera and Peak valuations use the latest production guidance provided by the Company for FY18 and FY19, modelling at the lower to mid-point of guidance, which provides further upside from higher production levels. A nominal exploration value of A$50M is also considered conservative, given the dominant landholding in one of the best mineral provinces (Cobar Basin) in Australia.

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    DYOR
 
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