Post by
optal on Apr 03, 2021 10:59am
great post
I have had amx since .09 and bought up to own a good chunk. Someone is playing games with the stock trying to pick it up on the cheap from weaker hands. This stock as you rightly point out is worth 6.00+ with 3 million ounces and at the 5 million level 10.00. They are beside a mining town with miners.....THey have services close at hand. THey have an open pit potential that would pay while development is going on. They may be able to use a porthole instead of a shaft saving them big monies. Nearby mines have the milling capacity so posibble no need to have a full mill on site. It is frustrating to see the foolishness of some people to sell into the low ballers. Their time will come. I wouldn't consider selling under 5.00. Without a doubt they have the goods and I reallly do think their goods are worth in the 10.00 range. As the lab give out more results the proof of what is there will come out. 2.5 millions ounces value the property at 5.00+ (2.5 X 200 an ounce).
AMX will sell this property to some eager to make more money.
Time will reward the longs well.