"The only thing holding up this puppy in the current market is takeover speculation. In the absence of this AMX is likely to be back under $1.00 today."
My comments:
Considering the millions of ounces of quality gold that AMX has including many wide intersections, plus massive exploration upside based on newly discovered areas, a $260 million market capitalisation so undervalues AMX it's not funny.
based on what AMX has released to the market, AMX clearly imo has more than $6.4 billion worth of gold - and yet this is valued at a token $260 million. About $70 an ounce!!!!!
Because of the above, in a generational gold bull, with gold currently comfortably above US$1600, smart investors will buy this company knowing that its downside should be limited - there's only so far it can fall before poredators come knocking looking for a steal as they are doing now - most likely to be rejected - while AMX's upside is potentially hundreds of per cent.
We should receive a steady stream of exciting drilling results from AMX in coming months.
AMX Price at posting:
$1.06 Sentiment: Hold Disclosure: Held
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