AAU 25.0% 0.3¢ antilles gold limited

How is this not price sensitive?La Demajagua open pit mineSets...

  1. 294 Posts.
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    How is this not price sensitive?

    La Demajagua open pit mine
    Sets out proposed project financing. The way I read this is that the only additional capital required from Antilles is the outstanding $4M USD in 2023 once project financing has been agreed.
    Indicates scoping study in Dec 22 which will include increase resources, mine life extension, antimony etc and "which should improve the economics of the project."
    I assume this is to lift share price ahead of DFS in March 23 to increase the chances that Options are in the money and we can fund the $4M out of that.

    El Pilar gold copper oxide deposit drilling program and New Horizons airborne geophys survey
    From one of the previous announcements I think this wold require an additional $2.5M USD

    El Pilar Porphyry deposit
    15,000m drilling campaign commencing in Feb 23.

    https://hotcopper.com.au/data/attachments/4782/4782192-293b45599bc204ddc30b8316e64488cc.jpg
    Happy Days, can't wait to see the assays from recent El Pilar drilling

 
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