AMX 0.76% 33.0¢ aerometrex limited

cash of $40m, 3.1m ounces valued at $90m, page-6

  1. 1,890 Posts.
    [Begin sarcasm] ...yes, im sure taurus's and acorn's geo and engineering team were concerned about 'rubbish grade' when they bought over $30million amx collectively.

    But your one line post here probably has them wondering how they ever missed it ???..sure.... [end sarcasm]

    Its all about scale mate - you can have big tonnage low/medium grade with large higher grade components = highly profitable mine and fast cappex payback likely with 150k -200k oz annual production.

 
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