No Longer under radar with 52g/t GOLD, page-30

I have to agree with you, I would think it will be after the JORC is released to market and further PFS progress is announced. This seems the logical way.

I also think there is more to come here by way of announcements on further drilling results which surprise the market. The vigor with which this project is being pursued, the energy displayed in hitting the timelines and getting ahead of the schedule, the speed that the camp was setup, the aquisition of surrounding tenements, let alone the grades achieved - are revealing in themselves. The team arent just infill drilling to the same depth as historically was done anymore. The grades are excellent and many of the RC holes are ending in mineralisation. They know this is their big opportunity and can see potential through the geological analysis of the historical data. They are also getting the announcements and promotion right, increasing the visibilty at the right time - which is pleasing to see and shows they have learned from the past.

Again for me its the bigger picture for the Mt Ida region which was detailed in their strategy announcement that really confirmed the thought, planning and conviction of purpose behind their actions for this project.

Although these are intangible aspects, i see them as incredibly significant. Some explorers just drill with none of this, with sp appreciation in anticipation of upside to results - with no real prospect of (and often no realistic intention) of development to production. Some release JORC compliant resources but never do anything with them, except sell them on. Whereas here, ARS is on a clearly defined and determined path to production, and the JORC is a necessary part of that, not the end in itself. So what is on offer on market right now (at 7.4c) and what will be on offer during the CR (at ?c post further results) needs to be seen in that context.

So yes the CR price could potentially have much upside to current valuation here.

Much more to come IMO.

GLTA holders