Talked to my boy, who was at today's conference call.
He came away impressed, and confident that all the talk of refractory or and other metallurgy issues has been overblown. If I've got this right....some 30 percent of the orebody will require some regrinding (grind, float, and regrinding the float). This is apparently not that uncommon. I / he might be wrong in the interpretation here, but there was some mention that if you got an eighty percent recovery, you did NOT have refractory ore! (????)
Kitto stressed that, as much as this is a very cheap stock based on their existing resource, people need to remind themselves of the highly prospective ground that they hold as well.
Maybe someone else could confirm or clarify these comments, as I'm getting this info second hand, of course.
My boy still reckons GRY is a better story, and suggested I stay put there, but said AMX has been beaten down more, and is more confident that the downward pressure has stopped for AMX as opposed to GRY.
Anyhow, that's all I've got.
AMX Price at posting:
39.7¢ Sentiment: LT Buy Disclosure: Not Held
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