RE: RE: RE: Larry ReaughYes, the interviews are interesting.
AMY is further along than MOR. With AMY we have a time line, a financing estimate, and a production cost per pound estimate. AMY is a good project because the production cost per pound is less than half of the selling price. Plus, only 90 million is needed to set up the mining and processing system.
With MOR we hear about a nice resource but nothing about time line, total financing, production method, cost per pound to produce, etc. I would not be surprised to see MOR either partner with another company or sell out entirely.
As Mr Reaugh mentions in the interview, the markets are not showing any love toward junior miners. That is killing AMY right now. Additional equity financing is painful when the stock price is .20. However, AMY did raise some money and will limp along through pilot plant and preliminary feasibility studies. The financial markets should be better three years from now, when AMY needs money for construction.
At these low share prices I loaded up the truck with shares of both companies.