SAR already have a 2 mt plant that is currently Producing 130000 oz a year Expanding in the next year With funding in place
They already have 4.2 million oz resource And 2 good new greenfield hits to add to resource
December costs at $760 an oz Higher grades coming in should keeps costs low A lot hedged at $1695 an oz
A market cap of $280 million operating in Aus
Honestly to me they appear to be a better proposition
Not that I don't think AMX won't make good money But really I have been hanging out for more resource for a long time
They need another Konkera to be a big play in my opinion
I am hanging in and hoping but the last 6 months have been a Test when we went down to 37 cents last year I was unconcerned But time has gone by without any excitement I guess that is why I have started trading a fair chunk of My holdings a few months back It has got my average down but I am still hurting
Anyhow the year has only just started
Imoo
AMX Price at posting:
37.5¢ Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)