You've got me thinking about your statement. So your friend has commented that he believes that the life of mine cash costs will be in the $900-$1000. This sounds quite expensive. I find this odd because USA Sprott, Brent Cook and Acorn Capital all very credible investors/ speculators all think positively about AMX.
Could you please state the credentials of your friend in making a qualified opinion as well and or his track record in investing in gold and gold miners? I'm just curious how he came up to his conclusion. When I throw AMX numbers into a Excel spreadsheet I get some really really good valuations.
AMX Price at posting:
38.0¢ Sentiment: None Disclosure: Not Held
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