Could happen but doubt it.
Works would have ceased at Sandstone and the working they are doing on the field now at Barkly isn't capital intensive.
Would be lucky to expend $250K in Q1 2022.
Sandstone sale transaction to be finalized in Feb 2022
Sale closed out by end of Q1. With $6mil Cash available
I don't like how they noted in the last ann that they'd have $12mil Cash & Liquids as the chances of them selling the AUN shares are not high.
the $6mil Cash should see MDI out for the next 12 months and in that time all it takes is for that one Significant thick high grade Cu intercept and it is no unreasonable to be valued closer to our peers of ICG, ERM & Maybe GRV
Could happen but doubt it.Works would have ceased at Sandstone...
Add to My Watchlist
What is My Watchlist?
