Ann: Ausmex Gold Production Update, page-7

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tbirdsrgo

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15/03/21

15:24

Post #: 51776766
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Originally posted by Equaliser: ↑

East West why not stick to your own problems. The thing about AMG is that they are nimble enough to make decisions. Obviously during the engineering studies they have discovered they can open cut 300,000 tonnes before needing to go underground. That’s what the studies are for. What’s the problem. As for changing from Golden Mile to Mt Freda is because the study says it’s feasible. My guess is as soon as the ML on Golden Mile is approved, they will start on both of them. Golden Mile being treated at Round Oak Minerals plant and Mt Freda on site at Mt Freda. As for Au999 worrying about why the co didn’t mention the reason for the ML not being approved on site, seems he doesn’t understand the process. There are a number of things to be approved. The company has said all along “ waiting for approval “ what difference does it make what the hold up is. Now you know what difference does it make. The company is obviously believes the compensation is too high and now put into the land court for determination. Some naive people on these threads.

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The fact remains - they will be mining for Au soon! That really is all that matters. And at current prices they will be mining most profitably! I could not care less if the co decides to change the place they start mining. Also, as far as I am concerned - PFS/DFS/AFS/XYZFS is irrelevant - I will place my faith in management whatever process they wish to follow to START mining! That is all that is important!

And, BTW, I have shown faith in management by adding to my position!

Last edited by tbirdsrgo: 15/03/21

AMG Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
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