One thing I've always thought about are the high grades of these tenements. Apart from this announcement which relates to the mining lease tenements, the last drilling announcement re: another tenement hit high grades as well. Given the demand for high grade iron ore and the substantial price difference, make me wonder if this project is now being sold for cheap hence BG's support the whole time.
Makes me wonder would we better off if the deal fell through so it can be sold at a higher price to one of the majors. The hard yards of native title and the mining lease done so surely the projects full value can now be realised. Whereas when they first negotiated this I'm sure AR was not in a strong position.
Anyone with thoughts on this?
AHN Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
