One difference with AMX and GRY - is that when AMX hit the 4mil/oz mark, it will likely all be from the one deposit and won't contain a paltry 1mil/oz @ 0.6g/t component like GRY.
GRY's resource is also made of bits and pieces from several areas spanning 14-16km from each other, not one contiguous ore body like konks.
There may also be a good reason why GRY haven't bothered drilling bellow 150m , there may only be "scotch mist" down there. Think about it , why try and prove up all these satellite deposits before at least getting an indication of the full extent of your main asset ??. I'd say theres a good chance they've got sweet FA below 150m, so they're exploring away from the main asset and not at depth.
Don't get me wrong , GRY have a great project, but by the end of year , i think AMX will clearly have the better JORC out of GRY and AMX.
AMX will be more likely 4mil/oz+ at 1.8g/t .I'm expecting the amx average grade to get better after the last infill results reported at konks. Several 40m+ interesctions over 2g/t.
AMX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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