Well Graham , AMX has shown the ability to gain 20%+ in 24-48hours on two occasions just recently. Volume on up days is far larger and the moves are more pronounced than on down days.
= Share register is getting much tighter.
So what would it do with a few months of kicking some goals and a bullish POG ?
Currently, you have a company worth $9/oz that has the potential to sell gold for a profit of say $400-500+/oz one day. So we are no where near true intrinsic value.
Production of 150k/oz a year x $9/oz (current valuation) = $1.35million
Production of 150k/oz a year x $400/oz (profit) = $60million.
(I know , this is a rough calculation of value but highlights an interesting valuation gap imo )
Current market cap is less than one years profit potential.
Well Graham , AMX has shown the ability to gain 20%+ in...
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Last
45.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.74M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11164 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 3165 | 1 |
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| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| AMX (ASX) Chart |
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