* * Yes, but is AMI just too good to be true ? * *

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EnsorDoone

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09/08/18

10:00

Post #: 34823922
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Originally posted by precis ↑

Answering RangerDave1, last year they put out a summary of the 2017 financial year on 31 Aug. The annual report followed in October. My post of yesterday had events a) to f) in roughly the order one could expect, though I'm not sure about the plans to improve the Pb/Zn recovery at the Peak mill. They have only mentioned $6 million for exploration, and $5 million to complete Peak sale (I think it's stamp duty) for major costs in the next quarter. So the Peak mill Pb/Zn might take some planning that could be further down the track, but it will be a priority because it is affecting mill throughput. In any event 541,000 t/a is respectable rate at the mill. Knowing costs are so low for the next quarter is why I placed $100 million in the bank high up on my list. Hitting more gold through exploration is a given...they are simply delineating known veins at both Chronos and Perseverance. Improving the Pb/Zn recovery will increase throughput. Then one would imagine they increase supply from Chronos...they previously stated the mill feed from Chronos was 22% of the feed, ie around 125,000 t/a. There are 530,000 tonnes of reserves (proved and probable resource) and they have also stated it has 2 years to run. So they'll have to double up on the rate of supply if they are to get through all of Chronos in 2 years. If that's the case they'll be making ridiculous money and the share price will hit 80c. I still say based on P/E of a conservative 6X its currently worth around $1.20. 80c means we have a higher market cap than some companies on the top 200, that's why I've always looked at it as a target. So if we hit that list, well we'll keep going up, for reasons others have explained. Good luck to all especially Goldbull who has 100% in AMI. Braver than me, but through caution, I keep scratching my head wondering how this can't keep going up, and all I can see is it climbing into the $$$$$. The operation looks too slick.

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Yes, but is AMI just too good to be true ?
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AMI Price at posting: 65.0¢ Sentiment: Buy Disclosure: Held
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Last 16.0¢		Change -0.010(5.88%)		Mkt cap ! $270.6M

Open	High	Low	Value	Volume
16.5¢	16.8¢	16.0¢	$233.5K	1.422M

Buyers (Bids)

No.	Vol.	Price($)
9	383542	16.0¢

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Price($)	Vol.	No.
16.5¢	587669	3

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No.	Vol.	Price($)
9	383542	0.160
15	998681	0.155
18	1772013	0.150
10	956403	0.145
13	749007	0.140

Price($)	Vol.	No.
0.165	587669	3
0.170	690125	11
0.175	438562	10
0.180	1193417	9
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