Thanks for your response. I think we are in violent agreement on this matter... you post... "Sure, they could most likely pull the trigger now , but it wouldn't be the smartest move in the long run and not in the best interests of shareholders ." I concur that going forward to FS and development without more oxide ore of good grade in the current market would "not be in the best interest of shareholders"
The market is making equity expensive for gold projects placing a high hurdle on new projects. Until the market sentiment improves or AMX finds more shallow oxides of economic grade (and by all accounts they have the right address to find more) ,my opinion remains that the project is likley to struggle to get up in a way that adds value to existing shareholders.
BTW, Do you have any info on the likely strip ratio of the mine? I am sure this will be confirmed when the PFS is released and the economic pit shell is fixed.
I am no authority on any of this so DYOR.
ThePick
AMX Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held
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