Astron are not particularly forthcoming with announcements, but the Donald Mineral Sands (DMS) subsidiary publishes a newsletter roughly every quarter and the current one has some very positive information.
Highlights for me:
Definitive engineering study completed (+/- 10%) Bankable feasibility study due April
"DMS is further along than expected" from the group doing the BFS. They mention that the BFS will be given to investors for review in April, so I assume that this is what POSCO (see earlier posts and ASX announcements) is waiting on before a funding comittment, which makes sense.
This newsletter fills me with confidence that the Donald mine will go ahead. And by all my most conservative estimates that should add multiples to the ATR share price.
Cheers Damo
ATR Price at posting:
$2.42 Sentiment: Buy Disclosure: Held
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