Chris Temple visits with Victor Cantore CEO of AMEX Exploration (TSX-V:AMX) (OTCQX:AMXEF) chiefly to get an update on the company’s recent release of an initial Mineral Resource Estimate at the company’s Perron Project.

Simply put, the market was underwhelmed by the approximately 1.65 million ounce gold resource (total of inferred and indicated), as a larger number had been expected. Yet Cantore explains that:

1. There remains substantial upside exploration potential and past/future drilling to add over time to that resource and

2. More important, that the company released the resource when it did in anticipation of immediately putting out an economic study right after (expected not many weeks hence) showing robust economics of what would be an initial mine development.

And as Cantore underscores, the recent added investment into Amex by both Eric Sprott and Eldorado Gold suggest that THEY “get” the game plan here!

Especially given the drop in Amex’s share price of the last couple months following selling on the M.R.E., this–as I say during our discussion–is a gift to those of you who aren’t yet shareholders (or want to add to your holdings.)

Courtesy of the National Investor