re: Ann: Exploration Target Established for A... well hopefully it means Kris Sayce has another excuse to do another update for his Aust Small Cap newsletter and up the "buy up to" price again...that would by nice :-)
Long term, basically it means if they can confirm the high grade exploration target, it will increase the NPV of the total Andash project and therefore increase the long term upside in the SP.
There is a little hint in the recently announced investor presentation, where it is stated that an additional 6M tonnes of ore would increase the base case NPV of the project by 56%.
Cdchi1
Ann: Exploration Target Established for Andash Zo, page-4
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