Gooch and guys,Yes the important thing Paul said was that the...

Gooch and guys,

Yes the important thing Paul said was that the ore is carbonate rich...this is one of the key alteration minerals produced by the mineralising process. So even though nature worked againsts one type of the bedrock mineralisation at Batie (sulphide alteration) it was kind (Carbonate alteration)...but do not assume all of the bedrock mineralisation at Batie is going to be sulphide associated...there are a number of styles evident now...as already noted

Another thing to look at is some numbers just released from Endeavour from their Hounde Project

IRR of 34% (after tax) at $1650 looks very healthy...this is for 1.6m ozs...grade similar..

Have a read, and draw your won conclusions,..but remember AMX has got a lot of upside in the exploration..which has a book value of $0.000001

...read below.....

Vancouver, January 22, 2013 - Endeavour Mining Corporation ("Endeavour") (TSX:EDV, ASX:EVR, OTCQX:EDVMF) announces the results of a positive NI 43-101 Preliminary Economic Assessment (PEA) of its Houndé Gold Project in Burkina Faso together with an updated mineral resource estimate for the project and positive in-fill drill results completed subsequent to the resource estimate. Endeavour is rapidly advancing Houndé, which has entered the Feasibility Study stage.

(All amounts in US dollars unless otherwise indicated)

Houndé PEA Highlights, on a 100% basis, include:
Estimated potential average annual production of 161,000 gold ozs per year over a 10 year mine life, with total life of mine production of 1.61 million ozs
An average 91% process recovery at a milling rate of 8,000 tonnes per day supplying a conventional gravity/CIL circuit
Owner operated open pit mining and a potentially economic portion of the resource of 28 million tonnes grading 2.0 g/t Au (at 0.91 g/t Au cut-off)
Initial start-up capital is estimated at $303 million with sustaining capital estimated at $57 million (excluding VAT and import duties)
Total initial funding requirement is estimated at $345 million including start-up capital, VAT, import duties and certain first year equipment purchases
Forecast life of mine direct cash cost of $563 per ounce (excluding royalties)
The project yields, on an after-tax basis:

At $1,300/oz Gold Price (Base Case) At $1,650/oz Gold Price (Sensitivity)
NPV 0% $505 million $920 million
NPV 5% $288 million $584 million
IRR 21% 34%
Neil Woodyer, CEO, stated

"The Houndé Gold Project is an outstanding addition to our potential production growth profile with a well-defined, good grade mineralized deposit that has excellent infrastructure and robust preliminary economics. The Houndé deposit has grown quickly in size with every drill program, including a 63% increase in Indicated resources in the update announced today, and has now reached a scale where the development of a mine at Houndé could potentially increase Endeavour's production rate to over 550,000 gold ozs per year during 2016. Work has already begun on a Feasibility Study for Houndé, with all contractors engaged and shipment of metallurgical samples for testing. The in-fill drill program, underway since October 2012, is almost 70% complete and is targeting conversion of Inferred resources to Measured and Indicated to further support the Feasibility Study due to be completed in Q4 2013."