Fair enough. Nothing more to say but to agree with until u wold be proven wrong. Even if amx sp will gom above u cant be wrong because current share prive has proven yr forecast spot on. I was discussing amx with my mate who loves to invest in gold and gold stocks only.
He told me that amx announcement has confirmed that they have added new drill target to find missing oxides rich structures to prove the economics of the projects.
He thinks that amx cash cost will be in range of $900 to $1000 only with oxides rich structures. However if they do not find it, it will even go as high as $1200 and will creates issues for funding and may be viability of the projects if pog will not remain as high as today in long term.
Their profit margin will be very low and they may not reach their target of at least 150k ounces.
So i would say some concerns about akx in the market imo.
I am out for trade with some profit as it seems its sliding down on low volumes.
AMX Price at posting:
38.0¢ Sentiment: Buy Disclosure: Not Held
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