significant resources growth at antas north..., page-54

I'm with Newland and Ironking on this one.. The $ burn rate is high relative to cash reserves. Whilst it's good to achieve exploration and JORC resource targets, it's not good to run out of secured finance to realise production ambitions. If anyone thinks Vale or Xstrata are going to be reliable sources of cash in a difficult and worsening market then they are dreaming. As we've already seen, expansion of Cu resources hasn't improved the SP one jot: Cash is King right now and this company ought to be focused on generating revenue from production in order to retain its independance otherwise it's likely to become a TO target in under 12 months as the SP continually dwindles away...

As Newland and others have pointed out, focus has shifted TO fulfilment of JORC ambitions and therefore AWAY from production ambitions: I wouldn't think ATP is sitting too comfortably at the moment. If Mr Woods is driving this strategy change I wouldn't be too surprised to see ATP move on before too long...

BT