Thanks DC.
At this risk of cp
.....Derek Pang and his team are now drilling an extension of the orebody at depth to delineate further reserves. He’s pleased to report that five of the six holes have hit mineralisation and assay results are pending(but the cowboy said this with a couple of those other holes too at Perkoa!).Big question being just how thick is the meineralisation. A VTEM survey has also been executed to determine new targets and the results are due in the next four to six weeks.
These recent developments now present a more favourable context in which the company can raise the additional funds required to finish the construction of the mine. Most importantly, the new SRK independent technical report, which is to NI 43-101 standards is key to reassuring investors about the viability of the project and represents the backbone to ongoing discussions with financiers.
......While it has been a tough year for the company, and the share price confirms that, it does now seem that the building blocks are in place to get AIM Resources back on track. But a market capitalisation of A$105m is not exactly pricing in very high expectations.
Hmmmm,more smoke perhaps?
Seems DP's running the company atm!LOL
If in doubt...DELIGATE!
d.
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