What if Amex had 1 million ounces Au in-the-ground..or more?
2020 is big year for Amex with 3 drill rigs operating. Declared company target is more precise resource estimate with better delineation and they will be there in my view late summer. There's already a lot of good data especially in the EGZ/HGZ allowing some gross but exciting estimates. All that data is available on Amex website. My take is that there is 1 million ounces and more in-the-ground and considering the overal setting ( see my post of last September 15) this gold is highly valuable. With some gross assumptions and considering m&a prices paid by gold majors reaching US$150 for high quality ounces of gold in-the-ground, AMEX is bound to reach and even exceed the $2.00 mark pretty soon. The train is now moving and slowly accelerating and I'm glad to be a passenger.