AMX 1.43% 35.5¢ aerometrex limited

Ann: Trading Halt , page-9

  1. DSD
    15,757 Posts.
    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.
 
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Last
35.5¢
Change
0.005(1.43%)
Mkt cap ! $33.72M
Open High Low Value Volume
35.0¢ 35.5¢ 35.0¢ $36.49K 103.9K

Buyers (Bids)

No. Vol. Price($)
1 50000 34.5¢
 

Sellers (Offers)

Price($) Vol. No.
35.5¢ 10000 1
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