Highlights of research note include: Price target: $2.28 It's positive news and Interestingly, the gold mineralisation at Wadaradoo doesn't occur along the main shear zone and adds to the prospectivity of finding a lot more gold in the region. Our original projections were that Batie West could host up to 5 million ounces of gold, and if discoveries like this keep coming in, we suspect this figure will increase significantly as a big portion of these tenements remains largely untested.
the regional discoveries are numerous and we suspect most of these prospects will convert into +500,000oz resources in the near future (which would add significantly to the resource inventory - currently 3.1moz Au).
AMX Price at posting:
70.0¢ Sentiment: LT Buy Disclosure: Held
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