The chances of finding copper have increased now we have two major projects. I believe one of the licenses for Torrens is getting renewed as per the AIS quarterly. If both projects are up and running, it could spark some new interest- not just from old holders who sold out of disappointment.
Torrens was worth close to $90m when drilling begun (ARE share $30m) so will be intriguing to see what the market gauges Murdie’s value, given its 100% owned.
ARE Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
