Mt Dempster prospect appears to be the Mesa J Southwest prospect (5km or so from the Robe River Mesa J mine).
The footnote on page 18 of the presentation makes it known that the 32mil in cash is taken into account by attributing the recent sale to RIO as 90mil NPV.
Nevertheless the company is advancing, has a nice war chest to progress projects, prospects, and plans, and has made it clear that possible sales of satellites continue to be discussed. At $1.50 per iron tonne in the ground it gives you a taste of what the company can get to if the can get even ONE of the pillars to production.
Wonder when Foster will put out a valuation and if they will match AV's optimism....?
IOH Price at posting:
$1.09 Sentiment: LT Buy Disclosure: Held
