Currently the resource is mainly indicated and inferred. Only a foolish company would start mining without a greater confidence level.
The pre-feasibility study will show some numbers but I note it is being done by in-house consultants, i.e. mates looking after mates. Not truly independent like it should be.
Lifestyle company.
If they ever truly start producing I fear it will go the same way as WDR did (iron ore DSO operation, went bust)
AVQ Price at posting:
32.0¢ Sentiment: Sell Disclosure: Not Held
