My appologies if this post came off a bit too harsh ... I just sincerely see the results as bad luck, so its frustrating!
Worse yet, if the CPM price forecast for the pre-feas can be trusted (vs prices during the recession the last 3 years), AMY has actually won the bet. Furthermore, the pre-feas conservatively does not contain the following: 1. Unexplored Land (higher mine life) 2. Battery material (EMD/CMD, significantly higher margin) 3. Cost-cutting measures that were identified by Wardrop Engineering.
Jeffrey M Christian Managing Partner of CPM Group Jeffrey M. Christian is Managing Partner of CPM Group.
He has been a prominent analyst and advisor on precious metals and commodities markets since the 1970’s, with work spanning precious metals, energy markets, base metals, agricultural markets, and economic analysis in general. Mr. Christian is considered one of the most knowledgeable experts on precious metals markets, commodities in general, and financial engineering using options for hedging and investing purposes. He is the author of Commodities Rising, 2006.
He founded the company in 1986, spinning off the Commodities Research Group from Goldman, Sachs & Co and its commodities trading arm, J. Aron & Company.
He has advised many of the world’s largest corporations and institutional investors on managing their commodities price and market exposures, as well as providing advisory services to the World Bank, United Nations, International Monetary Fund, and numerous governments.
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