AGO September Quarterly out and looking strong. Horizon 1 (including Mt Webber) feasability/engineering to be completed March 2012.
"Mt Webber will become a further North Pilbara processing hub for the company..."
A few repeated references to rail options being evaluated and it looks like Mt Webber may be in consideration for involvement "...and contributing to overall blended production through the off-highway private haul road solution and/or future rail solutions"
"Further feasability outcomes will be presented in March 2012"
All looking good IMO.
Understand frustrations at stagnant share price but like others have said it's comparatively very solid and i think there are a fair few converted options being cashed for profit and thats what's keeping us here for the time being but that won't last.
My speculation only.
Regards
DYOR GLTA
AJM Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
