pp, I don't know what funding will be needed for AMX (nor does anyone yet), but we only have a few weeks to find out. I used GRR and AQA as examples- not comparisons. GRR and AQA do have an income, though, so that can be used to add to their CAPEX. Explorers moving to become developers have no such luxury of income. IVA has just had its price target slashed by 55% by Morgan Stanley due to funding uncertainty for its capex needs- again it is thought that IVA will sell assets to pay a partial amount.
GRY is probably ripe for the picking. A larger company familiar with the resource could probably integrate GRY into their current mining operations, and save AMX from having to raise its own funds.
AMX Price at posting:
61.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)