I can definitely see AMI heading towards 25c over the next six to twelve months based upon fundamentals alone.
The reduction in costs over the last year is testament to how AMI are managing cost. Over time, it would enhance profitability once mining extraction commences.
If the US Federal Reserve follow through with the expected interest rate cuts in 2024, it will result in a lot of stimulation in the economy, and a higher growth forecast for 2025 and beyond, in turn create higher demand overall.
There is certainly scope for AMI to reach 50c and beyond over the next year or two.
AMI Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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