If you want to be positive about this, then the met results are...

If you want to be positive about this, then the met results are excellent. A top quality Cu concentrate can be produced. The option for reduced production of sulphuric acid will no doubt disappoint Mitsubishi (lol) who were going to market the stuff offshore.

If you want to be negative then the update shows how long its going to take to see AML as a producer of high quality concentrate given that this is still the pre-feasibility study we are talking about, and there's variability testwork to come. When the PFS is done we then have a bankable feasibility study, then financing, then construction... first production 2024 if we are lucky.

Recent strength in the s/p is encouraging, but on very low volume. Drilling results soon?? Started drilling 4 weeks ago, allowing for the standard AML timelag, maybe in a month, more likely two months.