AMI 2.94% 17.5¢ aurelia metals limited

The yearly ASIC based on the Peak (59,000 oz) and Hera (58,000)...

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    The yearly ASIC based on the Peak (59,000 oz) and Hera (58,000) oz is $977. Sold for $1750, makes an average cash flow of $787/oz x 117,000oz = a tad over $90 million positive cashflow for the year. Pretty much in line with my roughly $86 million which I based on guidance of 115,000oz. I still say a great buy and the fact that we still hold over $100 million in cash after spending $20 million on the mill and tax means a pretty good quarter considering mill closures and the extra metres developed at Hera which puts us next to the better intervals. Peak Deeps changes the game come this time next year, but before that the rich Pb/Zn at chronos will be hitting the mill in the 4th quarter 2020. Nice to see Great cobar back on the agenda. That's an extra 4 years LOM. Plans look on track to me, remembering Rome wasn't built in a day.
 
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