As everyone knows , I know SFA about gold mining, but I'm happy to go along with your figures as they seem to make good sense to me.
If we do sell Twin Bonanza the new owner would need to take over the Environmental Bonds so there's another M$4. to add to the coffers.
Then we have North Arunta which BL said in 1 of his presentations that the Geo's were very keen to drill.
Our ex Chairman M Etheridge in Nov 2013 who was also Chairman of Clancy Exploration at the time tried to buy these tenements off ABU but Clancy couldn't come up with the money to complete.
A prospect named Kroda within the tenement had had a near surface gold intercept of 57m @ 3.83 g/t Au which is not too shabby.
Anyway time will tell what comes of North Arunta.
Sorry to see Bob exit. Hope he does well with his new investment.
Will you be attending the AGM again this year Paddyboy?
Jim.
ABU Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
(20min delay)