ASN 4.00% 13.0¢ anson resources limited

Ann: Exceptional High-Grade Zn, Pb and Ag Mineralisation at Ajana, page-41

  1. 8,676 Posts.
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    The area they have under this Ajana/Mary Springs banner is huge they've barely touched it atm .
    There won't be further acquisitions here IMHO there's no need .
    It's way too early to make judgements on whether Ajana is economical or not there are some awesome shallow grades in there but the widths aren't anything to brag about YET.
    The drilling program is not really expensive so for me im happy for them to keep drilling .
    If the drilling continues to prove its worth it will attract suitors don't you worry .
    I've discussed this with others else where and I concur with them that if and when a resource is apparent that a JV partner would be IMHO the best course of action here .
    1 more thing to contemplate and that is that ASNs plans for Bromine and or NaBr and or ZnBr is at stage 3 with Stage 1 13k LCE Paradox Brine Project first then Stage 2 LCE increases to 30k so the point I'm making is that there is plenty of time to watch all unfold there's no rush here TBH it's taken the DOE 2 years to approve an IRA loan and even then the money is still not in the bank .

    Always remember Unicorn hunting is not for the impatient or faint hearted..........

    Warmest Regards TT
 
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