1. they have picked up 1200 km2 in CdV which covers the same geology, and prob structures. know mineralisation, no previous modern exploration.
2. Open pit has 1.12 mzs @ 3.1 gpt au, which takes a lot of beating
3. 95% JORC Resource of shallow min reports to a pit.
4. Moderate Oxide Resource upgrades likely in short term at Foumbiri and Doubema, both within trucking distance.
5. Probably get a resource at Torkera in short term as well.
6. Wadaradoo sounds exciting...high grade thick intercepts around margin of mineralised granodiorite...needs more drilling to pin this down...but a lot of significant mineralisation sits in this contact in the Birimian in West Africa.
7. The 300k would delay some capital for 2-3 years, and hence (significantly?) increase project NPV, increasing investment attractiveness for financing. This along with the high grade above reporting to pit is going to create some interesting project financials.
8. Doulnia high grade (Vital JV could be w little money earner with very high grades, definitely within trucking distance of existing hungry plant
AMX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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