<1m oz,dfs done,quality management,go figure, page-21

re: <1m oz,dfs done,quality management,go f... yes Touquoy

looks like I under-reported resources

it is 1.2m oz JORC

even more ridiculous EV/oz......


when Wally replies me

I am going to reinforce the idea of PR & marketing

start from broker visits & roadshow perhaps


because say we need 136m funding

altho company website highlighted possibility of using 2nd hand plant which will generate big savings on the 136m required (by the way, the dec update on company website, why is it not announced on ASX?)

I would'v thought possibility of big savings on the 136m reuired funding is material enough?

anyway, Wally mentioned majority debt funding possible from major banks approached us (Sep Qtrly pg 3)

say 30% equity funding

that means 40m.

at current MC, this is going to dilute shares to over 1B!

the equity funding needs to be done at least 3-5 times of today's MC to minimise dilution

I cant see why we cant given we are trading below 20 EV/oz, DFS done, >1m oz resource, substantial upside.

big name management (pg6 Sep Qtrly, About Atlantic). these guys found over 11m oz!

funny Wally knows he faces equity raising dilution in this article, at very end (you posted?):

http://www.resourcestocks.com.au/profiles/archive/2010/Sept-Oct/startDownload.asp?File=Atlantic_Gold.pdf&Size=410659


another site I have found over the weekend that seems to be very helpful

http://www.giftsofnz.com/atlanticgoldundervaluedshare.html


big upside ahead

just needs to shift the gear from neutral

(or should I say take the gear off reverse!) :)