"The labs in Burkina are empty, so turn around and near realtime control is now a possibility, and this will enhance their exploration effectiveness "
This is music to my ears ! The single largest hurdle the company has been facing over the past two years is now negated
As the later entrants to the Burkina exploration rush start to run out of cash , and go into serious cash conserve mode (reduction in sample submissions) or in some cases , go broke , companies like AMX with ~$30million in the bank will start to enjoy the flexibility they first enjoyed over there. And with a far better understanding of the geology now , they should really start kicking some goals and honing in on the minerised trends / areas of concentration.
Looking a little further down the track .... AMX may be able to pick up a few more lucrative tenaments from struggling early stage explorers near by that have had some success , but hit the "fiscal wall" . Could be some very cheap early stage deposits up for grabs.
AMX Price at posting:
29.0¢ Sentiment: LT Buy Disclosure: Held
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