I am in with the Sprott guys on this, in sentiment and money on the table. The history of how these Gold camps (not deposit - singular...and there is a not to subtle difference!!!) grow is something lost on most of the young brokers, and most of the punters looking for the next trade.
What Ampella has is unique geologically and more unique when you consider they have 100% control on this ground. You can count the companies that have this control of such broad clearly prospective acreage on one hand, and all of them are worth considerably more than AMX (think 10 baggers). Sure growing pains, ... But these are only temporary.
As for gold as a commodity, have a look at these comments
James Cordier, president of Liberty Trading GrouCordier ........"When you're forgiving debt and printing money, that's wildly bullish for gold. For gold to hit new record highs in 2013 seems very possible."
Dec. 6, Morgan Stanley (NYSE: MS) analyst Hussein Alidina went ..... in a research note that gold is 2013's best commodity.
"We maintain our long-standing recommendation of overweight exposure to precious metals as conditions underpinning the gold bull-run largely remain in place,"
The Feds and the debt ridden countries have no choice .... print the IOU's
Gold is Great. Amx undervalued by just about any metric I know.
But make your own decision, get your own advice, and consult a broker who is aged more than 40 years old.
AMX Price at posting:
32.0¢ Sentiment: Buy 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)