AKO 3.57% 14.5¢ akora resources limited

I'm assuming this is in response to TheJerry?Satrokala is such a...

  1. 2,469 Posts.
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    I'm assuming this is in response to TheJerry?

    Satrokala is such a vast area with about 35kms of known magnetic anomaly.

    The quantity and quality of that anomaly is unknown, and whilst it would have been very nice to hit world class intercepts on the first go, it now means we can focus all attention and resources on the main - and KNOWN - prize which is Bekisopa.

    Once we start making money, I would imagine we could hire a full time team to start prospecting all of the tenements by doing more rock chip sampling, electro magnetic surveying, trenching and drilling.

    Given the extremely low cost of wages, I can't imagine this being a cost prohibitive exercise... A team of 10 to 20 people, a couple of vehicles, an excavator, a drill rig and a shed in which we can do preliminary on site processing.

    The PFS will enrich the already compelling story of Bekisopa.

    The selling over the last few days has been disappointing, but hopefully the urgency to exit the position is finished and the share price can stabilise.
 
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