Here are some answers to my own questions to which I got a reply back from AD on Friday. I understand he has replied in the same or similar words to other investors.
Regarding the port of Darwin expansion:
"The NT government is in receipt of a Master Plan to expand Darwin Port and both the Chief Minister and the Treasurer (also the Minister responsible for ports ) have advised Minemakers that the expansion will be completed in time under the their Major Project Status Plan: it is not a huge task anyway."
Regarding the Tennant Creek handling facility:
"It will be built by a third party, and his proposal has Major Project Status from the NT Government" (presumably 3rd party is Bill Gibbins of ATEC)
Regarding expansion of the study at Wonarah / Arruwurra :
"The original study was for a deeper and hence more expensive mine and processing operation centred on the Main Zone. We are now also looking at two alternatives for Arruwurra also in the expanded Scoping Study, because our drill results ther have exceeded our expectations and hopes. The first is for a shallower mine there, and incorporating processing, so it will be cheaper for both capital and operating. The second is for production of Direct Shipping Ore , which would incorporate even lesser OPEX, and much less CAPEX, and which could get us into a mining and cash flow situation much earlier. The studies are being run in parallel, and even if we need to revert to Plan A at the Main Zone, we will not have lost any time between now and start of production."
AEV Price at posting:
42.9¢ Sentiment: Buy Disclosure: Held
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