AUL are taking a very conservative approach to MS IMO.
The most efficient way of mining MS is a decline I believe.
I think AUL has identified Stacpoole reef as close target capable of funding a decline to lower levels, therefore de-risking and minimising share holder dilution.
A totally different approach to the old Morning Star company.
Watch "The Morning Star Gold Mine" on YouTube
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Something to consider, page-52
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