$56 million required to complete the project (funding). AIM would of had that if the debenture raising wasn't withdrawn. Now they are in dicussion with debt financers to raise the debt (not using equity), short-term to have that in place. Add value - enhancing initiatives; reduction in operating cost. Looking at silver as concentrate will be a good value enhancer for AIM.
VTEM survey completed - (3100 line km) - take a while for results. Hopefully end of May/Early June.
Exploration holes (Perkoa) - early stages, sampling of ore body in respect of grades.
VTEM - identify targets - for drilling campaign.
MUMBWA JV BHP - Feb 08 drilling started, 15 holes 10,000m. Define the IOCG mineralisation. 800m holes deep - program will last 8 months. 2 drill holes completed and sent to laboratory for analysis - results probably June period.
'bill Cash' - Can see the light at the end of the tunnel at Perkoa.
Good luck all.
AIM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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