SIGNIFICANT DROP, page-43

I'm in on AIS at 0.029 today plus brokerage.

EVN is a cornerstone of my portfolio. In 2011 Cracow helped transform EVN into a gold mining jaggernaut that it is today. I believe it can do the same to AIS in the long run. It's a great operation and It will be silly of me to let this asset go to another company without buying in. The Cracow numbers below look great and if AIS can maintain it then its a very solid stepping stone for the future.


FY19 with total gold production of 80,983oz within the 80,000 – 85,000oz guidance range. AISC of A$1,272/oz was also in line with guidance of A$1,250 – A$1,300/oz. Full year net mine cashflow was A$36.1 million.

FY20 guidance: 82,500 – 87,500oz at an AISC of A$1,200 – A$1,250/oz.