From the previous ANN 17/4, it appears that Old Pirate doesn't have an approved MMP...? Am I right ?
Also, we are looking at $2.2M for initial costs to ABM for Old pirate (incl $1.7M bond)… Doesn't this mean there is an approved MMP for Old Pirate...?
Apart from $500K optional purchase price for Old Pirate, what would be initial startup costs prior to positive cash flow (production) ?
Looks like another bit of a wait...
Ann: ARK to sell Mount Porter and Frances Creek Tenements, page-3
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