AMX entering intense courtship phase by major gold producersAMX is in a key phase of its history at Perron. Following the recent publication (June 23) of IA Securities George Topping of their report initiating coverage on AMEX with a BUY recommendation and a share target price of $3.00, the stock has known a fantastic acceleration up to a high of $2.95 today. In its report IA made a rough intitial resource estimate of 3 Moz of gold in the ground and just like the other firms covering AMX ( Laurentian Bank, PI Financial) recognized the tremendous value of AMX, connected with an outstanding location and infrastructure. The fact that many major gold producers with mills are already in close proximity to Normtal, provides AMX with a substantial PREMIUM up on top of the share price. At the high of $2.95 and let's say 70 million shares outstanding, AMX has a market cap of $206M. Considering the estimated 3Moz in the ground, the fact that all the 3 zones under active exploration are all open laterally and at depth, the quality of the AMX team, no doubt in my view the majors are all pretty excited at this moment with the idea of acquiring this unique asset. My prediction is that before year end we will see a move from one of them on AMX. AMX share price will continue to go up in the coming months and don't forget the premium. I would not be surprised at all to see an offer in the range of $6.00 to $8.00 per share.