Over the weekend i had another read of Ausmex's announcements...

Over the weekend i had another read of Ausmex's announcements over the past 4 months. The company really has some extraordinary assets. It has 200,000 tonnes of gold at 5g/t gold sitting above the surface. That alone is more than double the total market capitilisation of Ausmex at its current price. On top of that it has two of Clonurry's highest grade gold mines it owns. As well it has announced high grade gold cobalt and copper on its EPM's that is waiting to drill but waiting for cultural heritage clearance. in the mid late 80's a company called DMR listed ASX co assets were just these two gold mines and the stock was $1.60 in 1987. Now owned by AMG trading at 6c. You do the math..

WM has 100% totally backed this company, so with 40 years of experience just wonder what bought him out of retirement. I'm assuming that he really doesn't need to do this stuff anymore if he chose not to which really begs the question! I guess Love him or hate him he has a unique no bull dust style of mining which doesn't seem to fit well with the modern fat cat corporates, but one thing is for sure he's easily one of Australias best prospectors & explorers if nothing else!! His specialty is finding the motherloads..

His previous legacy hits: Century Zinc find largest in the world, Sold to MMG for $250m, Burton Downs coking coal, QLD's highest grade coking coal and most profitable coal mine until the crash of coal. Sold for $576m & Rocklands Copper mine suitable cocked up by the Chinese as per usual in Australia once they get a hold of an asset. Although I see they have changed the pit grade control back to the ORIGINAL PLAN? haha and grade is back to where it was supposed to be 1.68%Cu. Funny that. Seems to have sorted out the dilution aspect of the mining.

One thing is for certain with this AMG crew i believe they wont stop until they hit the jackpot!! There individual back stories has more than proven that and so hopefully good consistent announcements from here on in and the share price currently floating from the leftovers of the old companies, this is your opportunity! this could be the kettle already on a slow boil! IMO I think its a lay down misere at these current levels..DYOR (its all there)