ASO 4.76% 1.1¢ aston minerals limited

Aston is still valued quite high compared to other companies...

  1. 47 Posts.
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    Aston is still valued quite high compared to other companies with a similar resource and state of development.

    And nothing much will happen in the next 12 months.
    Some infill drilling, maybe some extra resource.
    Next target is a scoping study, in about a year.

    This will only be the first of several time consuming an costly steps.
    For comparison: Canada Nickel estimated 25 million C$ which is about 30 million A$ for the prefesibility study of their Crawford nickel project.
    This PFS is due this week, eagerly waiting for that.

    ASO need a lot of cash to develop their mine. A lot of dilution on top of those already 1.28 ( ? ) billion shares.
    The lower the sp the higher the dilution will be.

    I sold my last ASO when the sp was at 4.8 Cent and never looked back.
    Maybe I will go in again at a much lower price and much further advanced project.
 
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