Current resource is said to be projected to produce a net cash flow to AMG of about $80 million over 7 years based on gold price of $US400. First year should be about $12 million net. Adility to dramatically increase on current resource is considered very high.
This thing appears to be cheap as chips.
Several Fund Managers in resource area have been contacting their office today I also hear.
Bugger all selling really. Most current shareholders are believed to be long term followers of Dave Porters. Unlikely to bail out now.
AMG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
