The board have communicated numerous times a maiden resource will be aimed for delivery EOY 2019 but feel no obligation to rush a key component as obviously companies at this initial stage get valued upon their resource prior to FS.
As for your comment relating to the “lack of significant assay announcements”, they have been delivering significant results all year round with relatively fast progress whilst unlocking the potential for Rebecca and the immediate surrounding prospects. You may need a little more patience with further assessment on how that hanging wall and exploration results can affect our metrics for a FS post MRE.
AOP sit with a very comfortable cash balance (circa 9mil), love cash burn vs ounces being discovered, with an extremely LOW amount of SOI. This concludes we are currently sitting in a very very good position with current POG and further appreciation anticipated with the macro factors at play. + our grade + exploration potential with resources open and start up pits etc etc
These elements are clear examples of why we have such a stable share price with a comfortable incline subject to further expanded results.
AOP Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
