some notes from vancouver, page-3

Thanks Gooch.

The heap leach potential for amx is of potentially major interest. The alteration observable is in excess of 40 kms long, and this was utilising the poor outcrop...say 5% ave. When you get this scale of alteration and in tropical terrain you must be thinking of oxide/heap leach potential. Interesting no mention so far.

The other thing of great interest in assessing companies is a tight capital structure. Open capital structures will get infiltrated and rolled. My guess is AMX is extremely tight.

Interesting to see some of the better Canadian Good Gold shows...low grade for the large ounces...1.5 gpt and less...see Rainy River for example...3 M ozs @ 1 gpt Au....under till...no free dig etc,,,..their deeper u/g is more repsectable

Guys in Vancouver mentioned Gold Corp as the only major who does not suffer from error prone decision making...on acquisitions, expansions etc. Barrick on Equinox (whatever were they thinking, then the disaster looming in Chile/Argentina), Kinross (Redback), etc Really the top end majors are messy and v uninspiring..need a big broom to go through them and some real focus on costs, profitability, etc.

Next Gen gold prroducers with good ground, min crustal scale structures, real resources, decent grade in top 200m....ones to watch

Like to see some M and A with real resultant management with demonstarted capability of delivering projects in time and on budget.