I think its good to look at this news carefully and have a well considered approach, however I cant see that it takes away from the resource estimation of 75 million tonnes for Tres Estradas with 'estimated' NPV of 535 AUD million. Yes....this is still speculative however, a number of other things to note was:
1) 'that Tres Estradas will being moving forward into full bank feasibility and continue with the 'permitting' process that is 'well advanced'
2) with the completion of a infill drilling program this will just re-inforce the PEA relative to inferred resources.
Once we have a solid Measured and Indicated resource, this will be ready for the next stage of sourcing funding for production
Just my 2 cents....well a little bit bigger holding then that LOLOL
AGR Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
