Morning folks
Like you I've been trying to get as much time as possible this last day to think thru the funding and look at the implications. Now I understand from earlier releases that Admiral Bay can't go beyond inferred resource level without sinking a shaft, right? And sinking the shaft, I've heard, might be around $200m. If true then we can't get excited by the claim in the ann of 10 June that the new funding arrangements will allow going in any significant way to a PFS or that the ann is convincing when it says it will allow the 'advancement' of AB.
In summary, the company may have been more straight forward on AB - agreed?
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admiral bay and the strategic alliance
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