They also fail to take into account the likely operating cost of the deposit.......
As the mineralization is near surface the strip ratio is likely to be low (And i believe the chemistry of the ore is quite benign), meaning AMX would likely be a low cost gold producer.
This makes the $215/ounce a low ball as a premium should be attributed to the lower than average cost of recovery.
I sometimes really do wonder how these guys have jobs with such incomplete analysis......
They also fail to take into account the likely operating cost of...
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Last
44.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.79M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.0¢ | 43.0¢ | $18.83K | 42.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12213 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 10694 | 1 |
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| Last trade - 15.09pm 05/07/2024 (20 minute delay) ? |
| AMX (ASX) Chart |