AMX aerometrex limited

v. large v. rich gold with political risk, page-33

  1. DSD
    15,977 Posts.
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    Overly long report on the incredibly large and rich greenstone belt in Burkino Faso. As mentioned earlier in thread, BF lay undiscovered for over 2 decades while ruthless marxist govt held power. Today BF is one of the most congenial places for miners to invest, with tax base far lower than Aus or S.Africa for example. Labour costs remain a fraction of advanced countries. The other big advantage is that greenstone gold is SHALLOW i'e. from surface to only 120m. This report focuses on GRY but Ampella (AMX) gets several mentions and is included in comparison tables. I have entered GRY today, and on balance reckon its better value for money. Both mines AMX and GRY) will be substantial and have similar start dates. A bit repetitive but worth the read imo. Still holding AMX.
    http://www.vision6.com.au/download/files/26088/1265889/Rodmans_The%20next%20Red%20Back_Sep10.pdf

 
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