it has taken a while to inform the market that they have cancelled the Mt magnet drilling contract, repolishing the old chestnut coal washing magnetite market(could see that one coming). I guess the good news is, by Athena not spending money on a drilling campaign they wont have to do a capital raise to be able to pay executive and directors fees.
I hope they factor in 5 year Fe price at about US$80 in the PFS, as it is going to take them at least that long to get into production(if at all) going on past performance
Ann: Exploration Update, page-16
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