hold onto your hats!, page-9

Hey fishhead,

I don't want to sound pedantic but it's important. There is a Mineral Resource. There isn't an Ore Reserve. There's no such thing as a Reserve Resource.

Also, you can enter a Feasibility Study WITHOUT an Ore Reserve. Almost all of the time, you will exit the Feasibility study with an Ore Reserve. But you actually can exit the Feasibility study without a Reserve. If you want to make it bankable and raise debt funding or forward sell gold, you damn well better have one and even if you don't want debt, a feasibility study make things much easier to raise equity.

Point is, AMX doesn't need to announce a reserve for quite some time if they don't want to. It's certainly in their best interests, however, to begin releasing some of the aforementioned study data to ease investors minds about the risks associated within Batie West.