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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34.0¢ |
Change
0.013(3.82%) |
Mkt cap ! $32.29M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.0¢ | $8.962K | 26.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3225 | 31.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 12599 | 1 |
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