Talking to an ex gold industry man last night. Some very good...

Talking to an ex gold industry man last night. Some very good discussions about the of all things.

We discussed amx (and pru,gry) at length and he likes the AMX deposit and region alot. Has no doubt that konkerra will become a mine site in the next few years.

But what I was most interested to share ,was two things:

1. He believes the AMX geologists (kitto etc) will now have a much greater understanding of the gold system, lodes and surrounding halos and other structures. He reckons that this is the time when they are likely to stack on the ounces much faster than before, as they better understand the "nature of the beast"

2. He reckons there isn't a chance in hell that the big boys will let AMX mine a single ounce at Batie West. The first company to dig up the first tonne will not be AMX , but most likely , newmont, Barrick Africa, Iamgold or Harmony.

And they will pay multiples of todays paltry 1.80 !!

My man gave me some good advice also to help deal with the down times when its seems all is lost -

He said "investing in gold juniors is like cellaring a good bottle of wine. You know its going to be great in a few years time, but you must avoid the temptation to open it (sell it) too soon. Patience is the only path to success in this game "


Lucky for amx holders , i don't think we'll have to wait "a few years" !!