Ann: Share Purchase Plan, page-55

First 55 Last

Share
Profile

Follow
Heisenberg63

1,771 Posts.

206

19/02/24

16:39

Post #: 72487177
Share

Originally posted by copperroad: ↑

They already have a 12m hole at 60%. That is the right stuff. I think the chances of finding a lot more of the right stuff is better than most projects. They have also found multiple outcrops across many ridges. All this is along strike. They have ordered up 4 rigs. That suggests there is more than enough evidence to warrant 4 rigs since his site visit. If they were in doubt, then you would only use 1 rig until you had confirmation. Looks like they will drill more than one target at a time and then concentrate the rigs if they hit something really serious. There is a play book to bulk commodity drilling and they know it very well. This is not rocket science. Its a drill out once they establish the grade. In the mean time, they complete some Met testing work and confirm the ores properties. I assume its similar to next door. I think this is likely to be multiple pits. A 50m ton target is their target. 40km of known strike should produce more than enough FE imo. Worth remembering that the geo's and people involved are not new at this. Iron ore is a lot easier than many commodities. The fact that AMD has outcropping high grade across kms of strike is a wake up call. The general market sentiment is very negative. They may need some early results to shake people awake. If AMD start to see thick intersections of high grade, the stock should do really well. The risk is always going to be the usual stuff. dyor

Expand

Copper, just for fun what's your SP prediction of May/June 2024?

AMD Price at posting: 0.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 46 more messages in this thread...

First 55 Last

Add AMD (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $31.61M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$1.946K	681.8K

Buyers (Bids)

No.	Vol.	Price($)
114	216623108	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	96362697	26

View Market Depth

No.	Vol.	Price($)
114	216623108	0.002
51	152415841	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	96362697	26
0.004	128977402	50
0.005	48290690	30
0.006	65908779	31
0.007	23129619	20

Last trade - 11.13am 18/06/2024 (20 minute delay)


Last 0.3¢		Change 0.000 ( 0.00 %)
Open	High	Low	Volume
0.3¢	0.3¢	0.3¢	840476
Last updated 11.54am 18/06/2024 ?

AMD (ASX) Chart

Ann: Share Purchase Plan, page-55

Featured News

From the Floor question: "How can we make gold mining shares become valued again?"

White Cliff confirms large and continuous gold system underneath resource at Reedy's in WA

Tamboran offers US$24-$27 per share ahead of NYSE IPO

Dreadnought confirms Cu-Au, Zn-Ag gossans over 500m, hints at VMS system in WA

From the Floor question: "Is lithium dead?"

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Share Purchase Plan, page-55

Featured News

Top Stories

From the Floor question: "How can we make gold mining shares become valued again?"

White Cliff confirms large and continuous gold system underneath resource at Reedy's in WA

Tamboran offers US$24-$27 per share ahead of NYSE IPO

Dreadnought confirms Cu-Au, Zn-Ag gossans over 500m, hints at VMS system in WA

From the Floor question: "Is lithium dead?"

Buyers (Bids)

Sellers (Offers)

Featured News