You wrote: "Now to Ampella. Love to see how the market spreadsheets calculate the intrinsic vale of AMX at $45m. $25m cash and it leaves a JORC ounce at $6.25 per ounce,"
Gryphon Minerals minus cash of approx $68m leaves a JORC ounce value of $2.04 per ounce as of Fridays close.
Does that make AMX overvalued or GRY undervalued or somewhere in between? Or is it just that the entire financial system and gold market is in a total state of temporary irrationality? I think the latter. From such incredibly low valuations now, both companies have the potential to rally hard with a sniff of exploration success let alone corporate manoeuvres.
Cheers Sarge
AMX Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
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