I've got to be honest Londoner, this one has much going for it...

I've got to be honest Londoner, this one has much going for it med/long term ;)

Unless I've missed something they're going to be in need of cash sooner rather than later (approx $1.6M cash @ bank) as per the latest quarterly, but that's a short term problem and let's face it AHN aren't alone there. Having said that once a JORC resource is proven that will IMO change the whole "ball-game".

IMO the ground AHN hold is 1st class and the board must commended for their work in this area.

From a geological perspective it appears very promising indeed given the apparent localized nature of this high grade/low impurity deposit that AHN have commenced uncovering.

I believe the MD has alluded to this by the statement in the recent ASX annoucnement;

"...The magnetite, in contrast to most magnetites, appears to be magmatic rather than sedimentary; is coarse grained
rather than a BIF so it upgrades easily to produce a high grade concentrate with most samples producing concentrates over 69% Fe."

IMO it's not a coincidence that the Chinese already have a finger in the pie so to speak. Magetite is the way of the future in terms of iron ore I believe - a superior end product particularly when China are going to be able to cherry pick in termd of quality in the not too distant future...

All of this and I've not even mentioned the highly prospective Moonborough tenement re Cu, NI & PGE's too!

WC8