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.
I can understand your concern.... but you should see it this...
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $19.94M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.5¢ | $6.127K | 29.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32790 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 21574 | 2 |
View Market Depth
| Last trade - 14.21pm 23/06/2025 (20 minute delay) ? |
| AMX (ASX) Chart |