AMD General Discussion, page-508

AMD have truckloads of assays in the labs. I think they would want to see some more results before they blind drill. They may have already found the main ore body they want. Once they hit the sweeter spot, they can go hard on that. That can outline the first pit. This is already a mine imo. They have big tonnage and know they can concentrate the ore to 61-64%. The drilling now is bringing in that certainty. Management wanted 50mt @ 57% for a mine. The exploration target has far exceeded what they need and the mett work has shown them a high-grade product. They have done this in 4 months of drilling on 15% of the lease. Flanno knows he has the tiger by the tail imo. This is a drill out in the short term. They wont run out of ore for decades imo. Iron ore deposits are not rocket science and Flanno knows it. The bauxite is the same. A $30m market cap is a reflection of timing rather than asset imo. People dont think there is a quick need to own it right now. That can change with this guy. He could bring in a partner tomorrow for all we know. He has all the contacts and is advanced as stated. He may also bring in another big deal. Patience. dyor