Chalco,
Let me run and get my crayons so i can explain it to you in detail,
I think the shareholders needs to see the reality. Mining is about making dollars right. Tonnes and ounces you need but at the end of the day it’s dollars. Ten years ago 100,000 ounces was worth $40m. 100,000 ounces today a touch under $300m. It’s worth seven times what it used to be.
So 100,000 ounces today is like reporting 700,000 ounces 10 years ago. It’s all about the dollar. Ausmex have $300m sitting shallow, a process plant ready to roll. Any business you look at, in the real world is: turnover dollars and profit. Period!
Don’t need to see anything else. Ausmex can increase the resource in the future to whatever they want without having to go back to the market for more cash. Sometimes “ less is more” in this case it’s true. I’m not trying to covert people to buy or sell. I’m a holder. Which begs the question why as a non shareholder you care so much and spend so much time putting negative spins on each announcement. Your posting matter is starting sound snarky.
BB
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