Bonies. Drill results nothing to write home about.
However AMX are estimating 470k at 1.25g/t at this prospect or 355k at 1.5g/t at a higher grade cut off. That's better grades than what PRU are mining and even same ball park as RRL in Aus. who somehow seem to turn a strong profit.
Key positive points are : - good metallurgy to extract the gold once mined - 7 kilometres from konkera - shallow dipping. I assume relatively flat lying. They wont have to dig to the bowels of the earth to extract the down dip components.
Looks like AMX are of the mind this deposit is economic as they are including pit optimisations along with the resource estimation. Nice.
AMX Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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