Ann: Investor Update , page-4

AMX refers to two companies using the same technique on a very simular size and grade resource.

Centamin:

Sukari produced over 150,000 ounces at cash costs of US$527 per ounce and in 2011 it produced over 200,000 ounces at US$556 per ounce, demonstrating Centamin's potential to be a large scale, low cost producer.

Head grade of 1.7g/t
Recoveries of 85%
Grind methods - CIL + Float regrind curcuit
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Now consider that AMX will most likely start mining the high grade from surface material at over 2g/t , with recoveries above 90% initially (oxides) and won't need to use the regrind curcuit for the first three years (no cappex for this initially, paid for later with free cash flow)

At the reported 1g/t cut off , AMX has a higher grade resource actually , closer to 3g/t vs 2.7g/t (so if Centamin reporting cash costs sub $600/oz. ...??? you do the math...)

I think the market is going to be pleasantly surprised with the PFS when released. Plough may be left scratching his head i'm afraid .......