Put in a small bid for the raise, but having a closer look now. With the Burbanks plant @180,000t pa and Jeffery's find at 1.8g/t , we're only looking at 10,000 ounce per annum.
this either needs to be upgraded big time and/or need to feed it higher grade ore.
on the current numbers, aisic is going to e high as a 10,000 and 100,000oz pa operation need very similar man power (from what I understand)
i guess it's still early days and they are putting the wheels in motion, they're not expecting to turn on burbanks for a few years, so I guess plenty of time for costings and feaso.
MEK is my baby at the moment, looking like AJW is a few years behind them but taking a similar path to BTR
market cap here is really low, if the gold price holds up, this could get very interesting
happy to slowly build a position if management can prove up a path to 100,000oz pa and continue to deliver on milestones along the way
AWJ Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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