It’s great to see more comments on here about the prospects, but it seems they all came within a day or two of each other and interestingly all talking down the prospects. AAR had $1.5 at end of March having spent $1.5 on drilling for quarter. They also raised $3.4m at the end of April. In Nunenquarter, Diamond drilling finished by start of June and RC has finished before end of quarter. So would expect drilling costs to be slightly less. All up let’s say $2m outflow for quarter would still leave about $3m at end of June. So yes another cap raise or funding activity will be needed but the resource update and potentially scoping study could come prior which gives the project value. Infill drilling for upgrading resource category still should increase the value of the deposit. I would love them to concentrate on completing drilling at Theia, drill it out because that’s where the value is. Some deeper holes at Hestia or Eos to see if they can find anything lurking underneath and follow up at Feysville also has merit.
AAR Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
