Appear to have options over 5 years.
If mineralisation quality is as anticipated AON to have approximately $1,250,000 additional cash for development from chinese (5,000,000 options @ $0.25).
Me thinks they will want to follow this path if they are getting access to 15% of the iron ore.
http://www.armcometals.com/news/news_press06092010.php
Definately good news in terms of cash flow.
So maybe longer than 6 months cash reserves!
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0.6¢ |
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Mkt cap ! $5.570M | |||
| Open | High | Low | Value | Volume |
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| 6 | 1799791 | 0.6¢ |
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