The announcement of a maiden JORC reserve of 40 million tonnes should more than make up for any disapointment about the 18% resource upgrade.
A mineable reserve is significantly more valuable than a mineral resource.
When you add the Exploration Target at Mbuyura/Mkapa to the 251Mt resource at Mbalawala you get either 411Mt or 611Mt, which is a major increase whichever way you look at it.
ATQ has committed to drilling more holes to prove up additional resources at Mbuyura/ Mkapa, and I think it would be unwise to sell off now, with the BFS due to be released very shortly.
It's just my opinion.
Add to My Watchlist
What is My Watchlist?