and the wildcard here is the possible presence of a commercial quantity of DSO manganese ore (40%) - the cashflow generated would enable full ramp up to exploit the whole deposit to benefication stage without the normal huge dilution associated with this size Co attempting something of this scale. The management have stated their goal is to minimise dilution throughout and their actions to date have done nothing but confirm in my mind that the shareholders will get full value from this project. A rare thing in the speccy miner space.
Cashflow changes everything including exploiting the other mineral deposits discovered along this fault line.
ARM Price at posting:
96.0¢ Sentiment: Buy Disclosure: Held
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