Thanks Loki , it pays to take a conservative approach !
I'll let this sit for a few days , see what other input we get and then rehash.
Looking again at our cornerstone investor , I'm sure Taurus's geo/engineering team (more experienced than us HC posters) would've crunched the numbers back at $1.30 when they bought in large, in the last cap raise (nothing fundementally chnaged since then) So they must've seen upside from that $1.30 level. And you'd think they wouldn't have bought at $1.30 without expecting at least a mimium 40% return on that investment[$1.80].
But as you've suggested before Loki - AMX may be more of a takeover play now. So success for shareholders from here may very well just come down to how many quality ounces they can prove up before any bids.
AMX Price at posting:
36.5¢ Sentiment: LT Buy Disclosure: Held
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