Ann: Broker Briefing Mining & Resources Investor Webinar, page-58

Yes, there is risk.

AAU and its partners have done quite a lot of work: rehabititaion, maintenance, exploration, drilling, studies, presentations, contract negotiations and capital raising in recent years. These are generally necessary prerequistes for the next steps ie. DFS, finance, construction, production etc, so although late, it will come, I expect. AAU had to contend with the delaying effects of COVID, war with Russia, new environmental regulations in China, a long arbitration and US sanctions against Cuba. Despite all this, things are still progressing, but early shareholders are heavily diluted.

I am not 100% confident, just confident enough to not sell down too much.