amx bounce should have much further to go, page-7

There you go HTSydney , gold back in action after a one day cooler .

Recovery still in tact for gold and all the evidence is piling up that gold and gold equities have bottomed for the forseeable future.

Added to my AMX position at 12c and 13c recently. If gold can reclaim $1400, 30c for AMX is not out of the question (would still only be $80mill markcap! for 3.2mil/oz @ 1.7g.t !)

West Africa average grade for operational (and mostly profitable) mines is 1.5g/t. AMX's 1.7g/t and the higher grade component of 1.6mil/oz at 3g/t should not be forgotten , just because a few forced selling insto have had to clear out.

Bottom is finally in imo. And now that the market cap is back over $30mill , we may just see the green light for a few more funds to get involved..