AQI

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2.1¢ alicanto minerals limited

".... drill drill..." how dare they do this as an exploration...

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Surfer42

31 Posts.

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15/07/22

11:31

Post #: 62551847
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Originally posted by DD1975: ↑

Globally it take an average 5-7 years to go from discover to construction for a greenfields to construction (including permitting). Yes you do need to keep drilling and growing the resource as well as initiating and progressing studies. The studies can start to happen as there is a resource to base an evaluation on. Yes there will be further capital raisings or partnership arrangements (like Greatland Gold) as all this stuff costs money and its not cheap. This is how you go from early stage explorer to producer.

AQI will need to keep growing this resource as you want to be in a position to justify their own plant. I reckon they will need to roughly double the size of the resource over time and this is not unexpected.

If people are not across what it takes in the study process then I suggest they educate themselves very familiar with it. The completion of different stages are quite often where re-rating of value occurs as the whole process is about understanding the growing the value while de-risking the asset. I'd also suggest they get across the requirements of the JORC code to understand the resource classification requirements as funders pay close attention to this and its also what you can borrow money against for dept financing.

If people are not across these two things then I suggest that this type of investment may not be for them as uninformed investing is more akin to gambling.

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".... drill drill..." how dare they do this as an exploration company (forehead slap) hhahah
MD in Sweden where the assets are meeting government officials and talking to local industry... "tanning" ...how dare he (forehead slap) hahaha
Me thinks someone was trying to day trade and got left holding the hot potato....hahaha

AQI Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
1 Upvote

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Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $12.92M

Open	High	Low	Value	Volume
2.1¢	2.2¢	2.1¢	$25.03K	1.182M

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No.	Vol.	Price($)
1	135000	2.1¢

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No.	Vol.	Price($)
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".... drill drill..." how dare they do this as an exploration...

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

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".... drill drill..." how dare they do this as an exploration...

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