RE:RE:RE:RE:AmeAll good qs dc.
1. If you look at the chart back in 2017, ame jumped from nothing to a buck 20 fast on ea submission. It was on private land. Looked like a cake walk.
They had a strutter from the u.s. with the hdi type attitude. Just like hdi, he tick everyone around. When b,c. turned the permit down, he went nutso.
He got fired and kghm put it to rest for a few years. They hired a local fella to communicate with stakeholders. It appears that all are onside now. Even 1rst nation are close to agreement.
This is a 20 billion dollar deposit of 50.00 ton rock. So ame gets 4 billion carried to production. Expenses come off there 20% as mined. So they recieve about 150 million before tax per year on ramp up.
So at 20 times earnings that would be about 3 billion on mc, or 30.00 per share.
They have already done the ea. So there will b tweaking needed on resubmission. They could be building within a year.
So I have been with ame for way over a decade. My recent swings ftom tko to ame were based on tko leveling out and ame on track for great results expected from last drill program. So this ajax update is a bonus.
With todays uptic my tko swing is up 20% and my tko down is 20% as well for a 40% win in a couple months. I have sold no ame or bought back any tko.
I expect tko to float along but ame to move up quick and steady. I will start selling some ame at higher levels to regain some powder. But like tko I will hold a half mill shares for core until very high.
The willow core could be anything. Anderson says the rock looked good. They know what they have before sending for assay. Everyone has xray spectromiters to analyse core as pulled. Those 3 holes were very expensive as they were drilling highly fractured rock. The depths they drilled to would only be done if rock was encouraging. So I believe moly grades will b higher than last holes indicating they are getting closer to center of porphory.
Copper and gold could also b elavated. Or the last hole could indicate center reached.
Hope that answered my thinking on your qs.
Ame could easily hit 100.00 within 10 years. I woukd b diwn to 100 thousand by then I am sure.
nf