Good points raised regarding Tuvatu. AMG' resources is cloer to service and of no where near the magnatude of size of Emperors. Costs will be substantially lower. Gold was at $US250 when Emporer put this smaller deposit on care and maintenance Now they ned the capital from the sale more than they need a second mine. Their amin operation is expensive (as you indicated by the high costs) and capital hungry with all that airconditioning neede to be put in. Mine is down 800 metres!!
Underwriting is only one option. The big kahoona is still in there as said to be very impressed wih what the numbers look like.
Cant be long. We should now within days the breakdown of the funding arrangement.
AMG Price at posting:
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