A problem arises if the contractor is allowed to determine whats practical mining which is not always in the intertests of the client. In Alpha's case the grade control drilling has been done ahead and AAM have confirmed a reserve of 80kt @ 4g/t gold from this so it doesnt matter if the gold is redistributed. My main point is that they have migrated to bulk mining by using the larger equipment but without the corresponding change in published ore reserves estimates. I believe the AAM board did this deliberately and have mislead investors as a consequence.
AAM Price at posting:
4.1¢ Sentiment: None Disclosure: Held
