i have seen a couple of juniors by just announce a hit of 0.2% cobalt and put on 50% MC straight away...
the latest example is N27, run from 30c to 50c and announced hits of 0.28% but with good width of 20m+ and made another run from 50c to 73c....
as for AMG, sufficient cash on hand, top 20 holding 69%, early cash flow first half 2018, high grades hits of Not only Co, but AU and Cu, so people buying not merely for Cobalt, but also for AU and Cu.....
Seems many pips/loose hands got caught and wanna out asap, it does not mean AMG is not worth a buy at this level....
its FA has been improving and with several commodity exposure which means mining cost will be low given they are good mining credits and should be shallow for open pits...
90% recovery for gold with simply leach is another bonus...
sp up and down can be played but the stuffs under ground is not so a bit patience for AMG to prove...
AMG Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
