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($) | Vol. | No. |
---|---|---|
35.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.345 |
2 | 51938 | 0.335 |
2 | 57126 | 0.330 |
1 | 40000 | 0.310 |
2 | 22547 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.355 | 10000 | 1 |
0.360 | 10000 | 1 |
0.365 | 20000 | 1 |
0.370 | 41890 | 2 |
0.375 | 3250 | 1 |
Last trade - 10.48am 16/05/2024 (20 minute delay) ? |
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AMX (ASX) Chart |