Yes Quarbing. You are right. Given a short time period the option might be a total lost if there is no buyer at all. It appears risky to me from the start & that's the reason why i hv choose mother over option. We never know whether the DFS will come out favourable & in some event they can even choose to delay it. Somehow if the company do progress well & start ptoduction earlier next year, this company might be a multi bagger given a positive Dfs. Eventhough they didnt reveal out the opex we will know the actual result upon the release of Mar 2015 quarter report. Im glad that their capex is only USD10-20million. What Ammg need to do now i to secure off take customer contracts as much as possible.
Littleshark
AKA Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held
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