No plants around, but the main thing is really that AMX will have the first plant in what is now very obviously a new Gold Camp (many mining pits in short). So down the track they will clean up the total camp resources, at least in theory. The scale of alteration, the multiple structural controls, multiple styles of mineralisation, alteration styles all point to this being a very exciting place to put a plant and control the field.
They might like to think about perhaps amore mobile or transportable plant (so to speak), as they will not be able to truck the entire length of the mineralised structure, but this is a bridge or 2 down the track.
Can always be a bit of a deep breath to get going in the first place, but once you are up and going it can be a long and prosperous road. WMC in the early days back in the Devonian (1981) discovered the Victory mineralisaiton, just by drilling under the old pits. Then got onto more mineralisaiton in adjacent positions (Defiance, Orchin etc)..and its been going profitably ever since (30 years on).
Batie could well be the same. I would not be surprised.
Its great to see the high grade thick intercepts as per quarterly. As I said before I like to see what the geometry of these are, but perhaps early days? But then agin they are drilling some diamond holes, and if Kitto should have the knowledge and experience to get on to these very early. Lets see how he and the team performs.
Scale and grade are always going to be worth something if not a lot of money. It is rare
AMX Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)