Some good information there today to chew on & great to see them being super productive, I did some research and digging on 2 of AMG's gold properties, Mt Freda and gilded rose. In 1987 a company called DMR (diversified mineral resources NL) owned both of these properties. That was about all they really owned at the time plus a few exploration licences in the area.
Interestingly WM was MD. The stock was trading in the range of $1.50 to $1.60 just on these two properties. The reason i think they would have closed them was that the gold price got to $240oz. The gold price is now $1600 Hopefully with a heap of drilling Mt Freda and Gilded Rose should yield the same results they did in 1988 whampoooo! Sought of hard not to get excited
As Always DYOR
AMG Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
