I think AMX are very close to having the targeted 400k.oz oxides in hand (probably more than 400k/oz actually).
The oxide areas have now been identified and estimated by the looks , now just need some infill drilling to get the ounces into JORC compliant status for PFS inclusion. Will likely be a shallow "cherry pick" and truck operation getting the oxides to the konks plant for blending with konks ores, to get 2-3 years of oxide only feed , head grade could be around 2g/t for this material, especially the stuff from torkera, wardaroodoo south and kouglaga.
Suggest a month or two to get drilling completed and assays returned. The slot the new ounces into the PFS , which shouldn't take too long.
We may actually see the PFS released in Nov/Dec this year ? Maybe even end of OCT if they get a move on .
If allin cash cost are anywhere under $1000/oz , the market will have to take a serious look at how low they have pushed AMX. A quick "first stop" rerating to $80million market cap or 32c wouldn't surprise , looking at the peer group. There are co's out there with alot less gold , less cash and smaller land packages that are trading around $80-$90mill markcap.
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aerometrex limited
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I think AMX are very close to having the targeted 400k.oz oxides...
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $20.42M |
Open | High | Low | Value | Volume |
22.0¢ | 22.0¢ | 21.5¢ | $18.66K | 85.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4599 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 23683 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4599 | 0.215 |
1 | 4766 | 0.210 |
1 | 60000 | 0.205 |
4 | 255485 | 0.200 |
1 | 100000 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 23683 | 1 |
0.230 | 12000 | 1 |
0.240 | 9343 | 2 |
0.250 | 2000 | 1 |
0.265 | 4791 | 1 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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