Some great well thought out contributions from Gunga (and others ) on this thread . Healthy discussion .
Try not to get caught up in gry vs Amx thing . Just own both like do! Both cos are kicking goals IMO but the lead has been claimed by gry for now . But it's a long race and gry have a head start . The lead will change again , more than once in the few years IMO
Kingdom - If you go on the current dismal ev/res for Amx , an upgrade to 4mil/oz should still see a rerating higher given the sp finds support sooner than later and starts moving higher again . Also need to watch for ounces moving up the confidence ladder (inferred indicated measured etc)
On the flip side , everyone is expecting 4mil/oz mark with their usual rate of discovery. Failure to deliver this could cause another sell off . Kitto should consider this before any releases ....better to wait till he hits that mark than release too early something under 4mil/oz ( I doubt he will struggle to find the ounces needs at konks )
Sorry not much time for posts ATM . In the middle of wedding festivities his week .
Thanks again to Gunga for his valuable insights ( and small history lesson !)
AMX Price at posting:
45.5¢ Sentiment: LT Buy Disclosure: Held
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