You realise they were always going to ‘prove up further resources’ its just that it was deemed unimportant what with the slow Phased ramp up, and a 23 yr LOM?
You’re trying to make it sound like they are back to day 1 searching for a resource.
A 23 yr mine life was enough and they were able to secure previous funding based on it. Unfortunately Covid has had a larger impact than any of us could have thought.
So running concurrently with everything else they have a chance to increase the resource size for a minimal outlay. Increasing the resource size will be used to increase the life of mine which in turn makes it more attractive to US investors.
- Forums
- ASX - By Stock
- ABR
- Ann: Presentation - ABR Investor Webinar
Ann: Presentation - ABR Investor Webinar, page-25
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)