From my reading of the old Exxon reports regarding Kay, the ultimate possible exploration target is closer to what is currently being discussed. In addition, part of that R&R is actually on a property that AMC do not currently own. The proximity to Black Canyon also concerned me (rightly or wrongly).
AMC is all good and I owned a fair few of them from C$0.47. I sold them recently to redirect that allocation into NWC.
AMC may well find a lot more Cu (as a VMS cluster) but in my personal judgement and that of someone with a lot more knowledge than me, NWC was identified as a better opportunity, especially so given the valuation difference between the two (although both have secondary projects).
... but each to their own, that's what makes a market.
Cheers
John
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