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CR would be ok if i get to put money in for big target, hope it...

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Kwai Lou

101 Posts.

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16/10/18

11:12

Post #: 36137239
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Originally posted by mt88: ↑

Given that the tenement package is massive and there are a number of targets identified both my AMG geologists & MT Survey, I think a "first pass" exploratory RC drilling of around 10,000m is appropriate. Anything lesser than that is not going to send the right signal to the market. The 10k metres need to be spread across 5 or so targets, so effectively there will be only ~2000m per target.

At an average cost of $100/ metre, this will cost around $1m or thereabout.

AMG certainly will not be able to afford this at the moment, especially given that they have a pretty ambitious drilling program at Mt. Freda.

So, expect a CR soon. Partnership/ buy-in from the big boys is definitely the preferred option here.

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CR would be ok if i get to put money in for big target, hope it is rights issue

AMG Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
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