just listened to the latest BRR, AD seemed fairly positive on both counts. Highlights (for me):
BFS for Sandpiper still on track for around end of Q1 2012
Wonarah negotiations with NMDC still ongoing - next round due in Aus in early Dec - negotiating around share ownership structure rather than financial terms (that was my understanding).
Looking at options at the moment at Sandpiper to get the product to a higher grade. I think AD said they were unlikely to work - but they wanted to test them in case they could get a higher grade end-product from a little extra work.
All very positive - things are moving in the right direction... maybe not at lighting speed but as they say 'rome wasn't built it a day'!
AEV Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
