$1.42 per share target, page-4

Hello GB
One query. A fair proportion of the gold production is hedged at A$1700. Did you include this? Just for simplicity I suggest use $1700 gold price.
On the plus side a substantial part of the revenue is from Pb, Zn, Cu which are all on the rise. Always more complicated for polymetallic operations. Polymetallic operations do provide a natural hedge of sorts since not all commodities always move the same way.
Some issues that are holding back the SP IMO are
* Perception that Hera mine life is limited. 4 years based on current reserve. Of course they can (and need to) find more.
* They have debt. IMO they have the capability to quickly pay this off. Removing the debt is a priority and will boost the SP.
* People want to see some combined numbers for production from both Peak and Hera before "believing".
* They could get more information out there. eg. AMI no longer releases Appendix 5b quarterly cash flow reports. Or get some revised broker reports / targets to the market. Or update the website to remove pre 2016 stuff and list current management.
I hope your right in suggesting $1.42. Personally I tend towards $0.80 at the end of the year.
GLTAH