You realise they were always going to ‘prove up further resources’ its just that it was deemed unimportant what with the slow Phased ramp up, and a 23 yr LOM?
You’re trying to make it sound like they are back to day 1 searching for a resource.
A 23 yr mine life was enough and they were able to secure previous funding based on it. Unfortunately Covid has had a larger impact than any of us could have thought.
So running concurrently with everything else they have a chance to increase the resource size for a minimal outlay. Increasing the resource size will be used to increase the life of mine which in turn makes it more attractive to US investors.
- Forums
- ASX - By Stock
- Ann: Presentation - ABR Investor Webinar
You realise they were always going to ‘prove up further...
Featured News
Add ABR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online