It will be interesting to know what the potential ore reserve will be. Within the next 4 weeks we have some indication. If for instance the ore reserve has around 10mt at $14,000 per tonne we are talking very big numbers to the tune of $14b excluding capital, operational and admin costs. If we do have these numbers and the magnitude of the potential find exists will be inevitable one of the main miners would do a buyout - fortunately the directors have skin in the game will ensure fingers crossed will put forward an offer is too good to refuse for us shareholders.
AQD Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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