AMX is a quality junior with millions of ounces of good grade gold, with plenty of wide intersections around 50 metres, a fully funded aggressive exploration programme, and its own assay lab ready to go next month to provide a quicker turn around on the hundreds of thousands of metres of drilling.
AMX has been hammered mercilessly down from around $3.40 so its gold in the ground is now at bargain basement levels. Not unexpected when you consider that compared to the gold price the HUI gold shares are around 2008 GFC financial and stock market panic lows.
Around current prices AMX is probably one of the best investments that can now be made in the gold sector - with imo a guaranteed opportunistic takeover - friendly or aggressive - should the share price not rise substantially from current depressed capitulation selling levels around $1.00 imo.
AMX Price at posting:
$1.02 Sentiment: Hold Disclosure: Held
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