I can understand your concern.... but you should see it this way... In general, Relative Market Cap is almost meaningless. EV/oz of resource is a snapshot in time.
Why is an explorer like AMX trading at what seems be such high EV/Ounces multiple relative to its peers?
For an explorer, it's all about expectation of resource size. 1 million ounces is ho hum. 3 million ounces is interesting 5 million ounces is where the game begins............
The real smart longer term money [not your DT] is in AMX .... because it looks and feels like it is a 5 million ounces++ company.
AMX has what probably looks like 1.5 mill Oz total so far and there is drilling to be done for years.
It is possibly a great story. Believe it or not it's up to you.
Good luck all.
AMX Price at posting:
$1.81 Sentiment: Buy Disclosure: Held
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