Hartley's accepted payment for their work in the last raising earlier this year NOT by cash but by way of an option package with an exercise price of 25c
this...
I see ARD as a fantastic leverage play with two potential levers. First is the exposure to silver price. Second is with a silver resource that covers costs at current prices the potential for new economic deposit in close proximity. Having Dr Ross Large involved in the hunt for VMS is a big deal. Any new deposit not only brings it's own inherent value but if both VMS and Silver are brought online together there is the potential to share parts of capex between the two. Bringing down the silver's base cost and suddenly putting the silver well into the economic zone. Synergy is a wonderful thing.
ARD Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
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