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Amex Exploration Inc V.AMX

Alternate Symbol(s):  AMXEF

Amex Exploration Inc. is a junior gold mining exploration company. The Company’s Perron property is composed of approximately 117 claims covering an area of 4,836 hectares located in the township of Perron and is located eight kilometers (km) northwest of the town of Normetal. Its Lebel-sur-Quevillon project consists of four properties that are located 26 km North of Lebel-sur-Quevillon in the north-western part of the Quebec province and 150 km northeast of Val d’Or. The properties, 100% owned by the Company, consist of 73 claims covering 4,073 hectares. The Lebel-sur-Quevillon project consists of Cameron property, Madeleine West property, Madeleine East property and Pusticamica property. Its Eastmain River properties are situated in the Eeyou Istchee Territory, James Bay, Quebec, approximately 350 km north of the town of Chibougamau in the Plan Nord Region. Its Eastmain River Gold project consists of four properties: the Eastmain River North, East, West and South properties.


TSXV:AMX - Post by User

Bullboard Posts
Comment by Schumif1on Jul 19, 2020 8:15am
250 Views
Post# 31286740

RE:RE:New target price of $4.25 by IA Securities

RE:RE:New target price of $4.25 by IA SecuritiesSorry for delay to answer.....been very busy.....working hard towards comfortable retirement.......and AMEX will definitely help. Yury nobody in the stock research analysis field will take the risk of providing a time frame for a target share price to be reached on a recommended stock. At best, with speculative buy recommendations analysts will state that the stock is expected to provide a substantial return over a 12 month time frame but you'll never see anything more precice than that and this is fully understandable. However, serious research analysts in the mining exploration area that start providing coverage on a specific stock like AMX will get to know the company and its operation extremely well, will certainly visit the exploration site, will get to know management etc etc.and all this allow them to make highly valuable assessments on the stock future. Here IA started their coverage on AMX on June 23 when the share price was $1.80, their target price was $3.00 and their estimated reserve was 3 Moz. No cristal ball but by an unbelievable good fortune, the $3.00 mark was crossed less than 2 weeks after. IA could not have predicted this. On July 9, a new recommendation came up at $4.25 with a new estimated reseve of 4 Moz. When will we reach $4.25 ? Nobody knows. But we are at $3.20 now only a buck away from that new target and fantastic results keep pouring out (check last PR) . I'm an AMX investor for a long time. I personnally think that we will cross the $4.00 mark with the release of the next 2 or 3 PR's. Every investor in AMX must develop his own belief and approach.
Bullboard Posts