Gundy Clearly the message is about company spending but 2 mil cash and 50 mi shares as a company failure.. Where does that fit. I think all punters want to gain a perspective on AMXin current climate. Even from my somewhat uninformed perspective it would seem that they are in a much better position than what is mooted in that article. If AMX are now pending a pfs based on drilling results to date and on the assumption that they can contain costs ( no more drilling and yes overpaid management at least in these heady times), my question(s) revolve more so on the cost per ounce to mine in relation to the pog.the pog has been settling around 1300 for a while. As the us markets rise the pog lowers. But when the markets lower so seemingly does the pog. It would seem to me that this discourse in the pricing relationship is something we should all get use to. So let'sassume that the pog will hover in the 1300 range for the forseeable future. What are the scenarios likely to occur in this setting. Will they go ahead as planned in the near term?. Again from my relatively brief understanding of markets one thing that is apparant to me is that there has been a shift in the perceived and intrinsic value of gold, despite my wish to be wrong on this point. G12
AMX Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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