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.
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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)
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AOU need to do major capital raising around 10 cents. means almost another 30% dilution at least.
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