I like the confirmation from AGO that they still plan on starting production from Mt Webber by mid 2013. That's less than 18mths away and as it gets closer and construction of haulage roads etc begins, the price should start to shuffle up accordingly.
AGO's Horizon I/II Feasibility Study to be released in a little over 4 weeks should give a very definitive outline of what to expect and I'm thinking Mt Webbers place in this study will be much more than just a satellite mine - more the processing gateway for Webber/Daltons/Corruna Downs & the massive McPhee Creek. Possibly even a rail head.
For me as far as Iron Ore goes, we should be expecting good things shortly from AGO's Feasibility Study & more importantly the details of the JOA with them for mining Mt Webber. The dark horse in all this will be a buy out offer from AGO for our share of Mt Webber.
Then we have Coal & Lithium to think about too...
Regards,
DYOR GLTA
AJM Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
