AMX the pick of W.African gold stks today up 3.77%. As AMX near new drilling results, buyers are appearing. So far grades have been incredible with all 23 holes at Konker-main hitting excellent grades over wide 20m+ lengths! The results are almost implausible especially as locals have mined region by hand for decades!! Political instability prevented this part of the Greenstone belt being developed by mining industry until recently. Now as stability returns the profits from those on the scene will be massive as costs will be so low as gold is rich and shallow suiting open-cut extraction. Every area AMX have drilled the results have been good and some/many have been exceptional. I hope we get some news re JORC, feasability studies and dateline re production soon. That will lock-in a whole new sector of funds who avoid goldies pre-JORC. Meanwhile good to see the higher vols being traded.
AMX Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
