STT COMP AMI, FA LONG
MArket Cap - 330 mill approx
AMI announced today they are producing gold at an AISC of $ 317 AUD per ounce.
This is now the cheapest gold producer in Australia by a long shot.
Assuming a gold price of $1740 AuD and an AUD of .77 I get the following for AMI's 2 producing assets.
The average AISC from Hera over the last 3 quarters is - $445 AUD
Hera's likely annual production rate is currently sitting at $65k oz, equating to $84,175,000 million per annum.
Peak average AUD AISC over the last 3 quarters is $1,000 AUD
Peak's likely annual production currently sits at 100k oz, equating to approx $74 mill per annum.
Total earnings from both operations per annum = $ 158,175,000 AUD
Current shares on issue = 855,000,000
Earnings per share = 17.8c
Cash in bank - $81,600,000 million
Approx consideration payable for Peak aquisition @ .77c AUD/USD = $70,950,000
Approx reduction in Peak consideration due from Jan - March production that will be attributed to AMI = $15,000,000 (this is a geuss and we won’t know exact figures until New Gold report next week, see recent annoucements).
Approx amount payable for Peak = $55,950,000 AUD
Total cash after Peak acquisition = $25,650,000
Current debt = $75,400,000
Approx debt per share = .08c
Approx cash per share = .03c
PE Ratio less debt per share + cash per share:
PE Ratio of 5 = .867c
PE Ratio of 8 = $1.42
PE Ratio of 10 = $1.79
PE of 15 = $2.70.
Current mine life is approx 8 years, this being said I am conservatively targeting $1.42 per share.
My assumptions don’t include any upside for current exploration that is underway and will likely extend the project life and don't account for ANY copper production out of PEAK as i am no expert on copper.
Peak has averaged 8.6 million pounds of copper production every year for the last 20 years.
Please note these are my calculations based on all information made available by AMI.
Nothing here is advise or a recommendation to buy or sell shares, these are purely my musings and an attempt to value this compay, This opinion is mine only, I am not an advisor, broker or anything like that, just an interested shareholder.
As always do your own research and speak to a licensed advisor before making any investment decisions.
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 16 Apr
STT COMP AMI, FA LONG MArket Cap - 330 mill approx AMI announced...
-
-
- There are more pages in this discussion • 74 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XAO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,479.0 |
Change
62.400(0.74%) |
Mkt cap ! n/a |
Open | High | Low |
8,416.6 | 8,483.6 | 8,416.6 |
Featured News
XAO (ASX) Chart |