Whilst "some background "has been remembered in recent threads ...an important part has been forgotten !
At the end of March 2022 , less that 12 months ago ...ASTON raised +/- $30 mill dolllars to rapid speed up exploration .
Whilst the C/R was somewhat "complex" ( refresh your own knowledge if interested , by looking at the 30th march 2022 announcement) , suffice to say that Canadian/ International Institutional Investors tipped in a large proportion of the raise , under the tax Incentivised Canadian Flow Thru Scheme , as did ASO Australian Directors Kumova and Jewson with personal funds .
14,5c per share ( base price ) , putting aside the Canadian "adjusted "commitment , is the break even 'target " i think you can place on the stock .
A lot of drilling , discovery ( particularly on the nickel front ) and metallurgical testing has occured since...and the initial Nickel/cobalt Resource awaits !
Both metals ..in the meantime since March 2022 and despite rises and falls ...have been highlighted as EV CRITICAL !
Canadians , and for investments looking around the Timmins area in Canada ....are looking for opportunities , to consolidate Operating GOLD and NICKEL discoveries , into the numerous operating Mines in both . Infrastructure and costs , are by and large , so much better than their Australian counterparts !
Watch this space ..for a rethink , that ASO has an emerging long life economical grade extractable nickel/cobalt mine resource . with much discovery upside ..and a very nice gold adjunct to go with it . Perhaps ...at outlook might be , you could ( separately ) mine , or sell off the gold ...and the nickel /cobalt operation becomes a free hit !
Lets see ..the size , mine life and cut off grade for the nickel /cobalt has been flagged...and assuming it lives up to "expectations' , the current re-rating has a lot of legs to follow .
JMHO ...and , where Directors like Kumova ( in particular) and Jewson , have shown commitment with big skin in the game ( and recognizing earning incentives as per norm ) , I think this could be just the start of a very under.rated investment , in the current Resource boom environment.
AIMHO
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