I don't see a great deal of risk with AWJ. There is always some element of risk reward in the markets but with Jeffrey's Find bringing home the bacon by the millions and setting us up for the Munda campaign it's just a matter of time before the rewards continue to flow to shareholders. Price of gold has come off the boil a bit as well which hasn't helped the cause. Anyway speaking of Munda - gotta love these droolworthy high grade intercepts - can't wait until we start digging this bad boy out According to the last quarterly "Four contract mining companies have provided budget pricing estimates for mining and drill and blast services at Munda. These costings will contribute to detailed assessment of mining options Metallurgical samples representing a range of Munda lithologies and oxidation profiles are currently being tested by ALS Metallurgy in Perth. A preliminary geotechnical assessment for pit wall design is being undertaken by Peter O’Bryan and Associates. New pit optimisations will now be undertaken utilising the up-to-date contract mining costs, results from metallurgical testwork and a resource model that incorporates the 10m x 10m drill data. Optimised pits are expected to form the basis for detailed mine design and mine scheduling" 5.4% PA anyone....
AWJ Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)