This is probably a better time to invest in DFS ready goldies instead of explorers looking to complete a pre-feas/feas.
Capital markets are getting tight. You see explorers getting smashed and even GRY is looking to start smaller to reduce upfront capital.
The ones with DFS completed are able to commence production within 1-2 years and seek debt funding. The ones with the smaller capex upfront and robust DFS will be well supported.
At some point AMX will need to return to market for funds and is a few years till gold production. Investors nowadays prefer to put money into something that can self-fund. In this market, speculating drill results/resource estimation is very dangerous as only a select few get chosen by "the market". If they disappoint you are in a world of hurt.
AMX Price at posting:
32.0¢ Sentiment: None Disclosure: Not 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)