Looking good Gundi/G12.Again , the markets ignorance today...

Looking good Gundi/G12.

Again , the markets ignorance today astounds me... Ignoring what is clearly shaping up as a major gold camp at Batie.

They are finding gold everywhere they drill , in quanities not to be sneezed at . These occurances don't happen in just any old place.

Some nice numbers taking shape in what is still very early stage drilling and interesting to see some numbers , even if they are "conceptual". I'm sure Kitto's pretty sharp on this.

Some interesting things to consider about the new targets and possible new ounces :

1. They are all shallow . AMX could be cherry picking cheap ounces from surface deposits for years. More costly ounces at depth could be 4-5years plus down the line.... This could be important for the PFS (hence worth the wait) Perhaps a modular / movable mine could operate along side the main plant cherry picking the easy stuff ??? (see what GMR are doing for more on this) But thats just a thought...


2. Plenty of oxides in this lot i'm sure , given the depth. If there's a major mining opp at Konks , these deposits will offer up great blending material to enhance early cash flows . Again, cherry picking high grade shallow ores to blend with Konks ores for an early profit-kicker. All possible options.

3. All the targets are within trucking distance given the grades.

4. As gundi pointed out , heap leach potential could positively impact future studies , and again, worth waiting for these possible cheap ounces to be included (see GRY's heap leach FS for more on this)

AMX may well be the most undervalued stock on the whole ASX imo.