re: Ann: Atrum Coal Secures Option To Acquire...
2 BIG points to consider in today's release.....
1. "The White Rabbit Project has been historically explored and the company has acquired the associated historical date"
Talk about pulling the proverbial rabbit out of one's hat!
You might recall that this is exactly what ATU did with Groundhog ie the KNEW what they were buying prior as they had historical data on the ground....ATU MUST know this asset is another company maker or why would they enter into this deal otherwise....this is very exciting IMO
I will do some research on these two project's over the weekend but it looks like the Peace River district just got a whole lot more exciting!
2. "Significant progress on port discussions has been made with respect to Atrums world class 1.57Bt Groundhog Anthracite Project with a formal update expected in coming weeks"
As I have posted previously ATU is in a hell of a lot better position geographically than Fortune Minerals when it comes to Port options. If they have tied up access they will be able to fast track production much more rapidly than the market assumes IMO.
For anyone who is thinking of topping up in ATU stock I believe the 60c level is looking rock solid and that the company will answer critics via annc's between now and the end of June as alluded to above.
Once again ATU management continue to make fools out of doubters
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