I think it's definitely one to closely watch for me.
I'm quietly confident they are on the right path. A key consideration is that copper prices were signficantly lower in the past and we both know where prices are likely headed. Goldman Sachs calls it the new oil, which I tend to agree with.
A shovel ready operation is very attractive. The main consideration is whether it can prove more of a success than historical results.
When you factor in a refurbished setup, along with higher grade/production at Anthill, it bodes well for their ambitions.
They are forecasting to spend $300m over the next 4 years. They clearly have big aspirations, which I expect will be directed towards their massive sulphide target and with a potential acquisition down the road.
For the market cap of $89m and about to commence production on their main asset, it's an appealing proposition imo.
AR1 Price at posting:
1.2¢ Sentiment: Buy Disclosure: Not Held
(20min delay)