10 year ‘long term’ graphs are indicating a mean average of 11 to 11.50 & a price objective of 32p. It’s very easy to take advantage of the auction process & knock the price down in low volume. To pick up stock below the average & at a better price than buying from the Market Makers.
The only thing Amur is hostage to is the price of nickel. If Amur doesn't get developed in 1, 3 or 5 years it will eventually get developed. Why I'm I so sure it will eventually get developed? Simple, it's a dwindling resource.
I've thought for quite some time now that Amur's DFS in December 2017 is at least one if not two years to soon. Having said that anybody buying Amur now will take the long view. If they stick it their back pocket until nickel recovers significantly they'd be quids in. A fund or cash rich miner wanting to build a resource bank during the lean times in preparation for the next super cycle could do an awful lot worse than parking some money up in AMC.
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