Everybit as good as i hoped. For me the 2 key sentences are:
* High grade component contains 6.0 Mt at 3.2 g/t gold for approximately 612,000 ounces.
* The resource estimate is principally contained within the top 100 metres from surface and further deep drilling will be undertaken in 2010 to extend the mineralisation.
I have been fortunate to make exc profits from MML... and still hold. I made money becuase the cost of production is a fractionof what they sell the final product for. The AMX deposit is shallow. Hence,mining costs are substantially reduced. If they concentrate on the 600k ozs grading at 3.2g/ton.... a highly profitable mine will become a very highly profitable mine.
Naturally, getting the first gold-bar poured is the key. But with a govt that is pro-mining with exc tax-breaks, leads me to think AMX will succeed. AMX has the risk/reward ratio i seek when investing. dyor.
AMX Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
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