Just wonder what peoples thoughts are on this.?
Although our first resource is not yet announced.. it is clear that Klaus thinks we "could" have between 4 and 5m oz.
CDV ANL
Current MC 208m @ 58c 50.5m @ 3.9c
Cash at 30/3 12.2m 3.38m
CR completed 45.6m @ 50c = 22.8m
Cr announced/not 500m @ 5c = 25m
yet completed
Total ( potential )
cash - drilling done 35m 28.38m
With the ANL plcmt
shares MC comparisons 208m 70m ( if shares stay at 3.9c )
Resource released 4.0m oz
Resource anticipated 4.0m oz to 5.0m oz
Drilling is ongoing.
Ground holding and potential of both companies is...
Recoveries 91 % from oxide
90 % from sulphide samples
Im no geologist.. but the first figure
i could find in the 188 pg report..
pg 9.. ws 82% ( and we're all 82 %
aware of previous issues )
I think for all holding ANL.. this should put the current SP in a better context.
Thoughts @raiderup @Foxhead @1for1 @ jignesh12003 @BreakingBad01
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