Earlier, I strutted around asserting the new concentrator complex should be sized to 40,000t Cu pa.
Today, AC says:
Combined Eloise Region Mineral Resources total 28.4Mt grading 2.0% Cu and 0.4g/t Au for 563,000t Cu and 409,600oz Au
There is enough Cu down there to support 40k. A mining operation of that size makes A1M attractive to the majors and aspiring majors, desperate to add Cu to their portfolios.
More drilling is needed - always, always.
Note the grade, a highly attractive 2.0%,
Note also the price of copper is today $US4.98lb.
A1M is about to get some hot loving' from Mr Market.
Ash
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