FBM 27.8% 2.3¢ future battery minerals limited

Ann: RESULTS DEFINE NEW HIGH-PRIORITY DRILL TARGETS AT LEINSTER, page-9

  1. 13,234 Posts.
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    AOU needs to spend at least $10 to $15 million before it can even send some one at bottom of Nepean Deep Mine (It is flooded, drive ramps need meshing and lighting and safety ramp). Poseidon spent $11 Million just on Drill Drive why ? Because it is easier to drill from deep into mineralisation zone rather from top surface.
    ..
    My assessment is AOU should refurbish Nepean Deep Mine (may cost $10 to $15 million to drain it, do meshing and electrical and safety ramp)
    ..
    AOU need to do major capital raising around 10 cents. means almost another 30% dilution at least.

 
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