Ann: Progress Results for Seuss RC and Homestead Diamond Drilling, page-15

Can this be profitably sold off?

Hi JPC123, Of course it could, but why would we want to at such any early stage
with the resource expanding the way it is /Supeljack is shaping up & as thought
to be a large camp style gold bearing system!
Inclusive of Hyperion, Hyperion South, Tethy's 1.3Kms of mineralised trend &
now The Seuss Fault structure, the systems obviously holds numerous deposits
over an ever expanding area most still open along strike & depth.
ABU's- M.D. has mentioned a couple of times now that the aim is to expand Supeljacks resource with the view of a stand alone operation.
The Seuss faults discovery adds further potential as it would likely be an underground operational mining scenario -the structures & mineralised trends are becoming better understood -the 10,000 mts of RAB drilling eg (200 holes at 50 mts) that should be commencing about now should also add plenty of scope for discovery & further understanding of just how big a system Supeljack is.

As to what economic value this deposit holds & the future options for ABU be
assured it increases exponentially as in ground Ounces are added to the resource.
Quiet a lot of the resource is close to the surface so recovery through open pit mining
is potentially a future kick off option to begin with.
note Supeljacks position with relation to NST-TAM -J.V. & planned expansion
of the Central Tanami Gold Processing facility & there intended supply source of
mineralised ore being the Groundrush deposit & is only some 18km's from Supeljack !.

ABU has 309,000 in ground ounces-clearly we have already added to this resource
thus far this season & its early day's, should ABU double this resource to 600,000 oz
the numbers become compelling & many options would be considered-EG J.V. -Partner/Partners.
As example only- 618,000 OZ x $1,650au per OZ au price of gold =$1,019,700,000au
in processed gold value.
ABU now already has over half a Billion $$ in-inground processed OZ gold value at Supeljack -this resource is increasing & is showing it has real potential to be increased.
Accessible & mineable in ground ounces in processed gold will get the markets
attention new money will notice as it always seeks out potential, the astute have been entering the registry quietly as can be seen as the top 40 holders hold 67.26% of the
registry & the top four holders hold 47.44% .

I see ABU as entering a new stage with less risk & attracting new money that will inevitably drive the share price as can be seen with the very low volume trading ABU holders are holding on tight & for good reason -should new money want into the registry
the only way is up as Hilux45 & others have mentioned.
ABU's current share price gives a market cap of just 35,640,000-(35.6 million )
Joke right-Nada -With all that's going on Suplejack, Lake Mackay, North Arunta's Potential
Tanami South, & approx. 300 prioritised drilling exploration targets its a no brainer that we will be in for a share price re-rate exactly when FIIK -but its close imo !
IMO -DYOR
gltah-salt