Why buying AMK sharesAnswer is easy, gain, why people will pay $0.50, $1.00, $2.00 per share. For that to happen people have to understand the potential gain base on some sort of information available to the public. Then you figure your risk of losing money or making some, we call that speculation.
This bull boards have a lot of undesired noise and not enough information input, so I repost this from my yesterday’s post.
Walter Storm was saying in Tudor last news release the following;
(The northeast-trending axis of the mineralized body of Goldstorm now exceeds a kilometre in length and we have yet to find the limit of the mineralization to the northeast and to depth.)
This give us an extra 25% from the previous 800 meters defined which was giving us roughly 32m oz of gold at 1g./t., so this will raise the potential to 40m oz of gold in ground and that just for Goldstorm location.
On the other hand Eric Sprott was saying in a recent Weekly wrap-up that gold in ground should go from $100CDN/oz to $150CDN/oz shortly with the price of gold heading to $2000USD.
So the slice of AMK (20%) will be 8m oz at $150/oz this give us a market capitalisation of 1,200m. If we divide this by 467m shares outstanding including warrants, this give us a nice potential target price of $2,57/share. Pure math, GLTA…..