It says Anson is working on securing permits, refining it's resource estimates and establishing infrastructure for future mining operations""
yes of course that's development, I'm saying they haven't started developing in terms of securing permits etc, however establishing infrastructure and plant etc will will take an estimated $700m. At present ASN have sone $12m max ,so do you see why I am saying it's so early in the development stage, hense the ailing shareprice at 52 week lows.
Why you ask, well because unless ASN secured big loans, ASN can't develop any further and that is the risk here as with any exploration company. The issue I see is the huge MC when compared to the above. Argue all you like these are the facts.
ASN Price at posting:
7.4¢ Sentiment: Sell Disclosure: Not Held
