I'm going out on a limb here,but it's possible that these particular tenements were surplus to the main resource that so4 were looking to exploit and were handed back to reduce holding costs once they went under. Honestly don't know and can't be bothered trawling through past lists of tenements held by so4 to work it out.The company will probably do a preso or more detailed commentary in the quarterly.
Looks to me to be like they are planning on proving up a resource over 2-3 years, with perhaps the option to significantly expand production after the current plan has been enacted and successfully brought to production.
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apc minerals limited
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Ann: Strategic Tenement Application Package to Expand Lake Wells, page-10
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Mkt cap ! $2.636M |
Open | High | Low | Value | Volume |
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5 | 2170000 | 0.005 |
Price($) | Vol. | No. |
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0.010 | 855021 | 7 |
0.011 | 4100000 | 2 |
0.012 | 298023 | 3 |
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