- New JORC due any day, inclusive of the Delta drilling.
- Pending final mining approvals
- Final costings for mill construction, and a cashflow budget, which will allow for a decision on whether any back-up finance is required. If there is any shortfall, it will be very small. But back up would be nice...
- And they are doing grade-control drilling on the high-grade shallow initial feeds. This gold IS going to be mined!
I think once the question of capital costs and cash to get A1 to production and positive cash-flow is dealt with, the project becomes significantly de-risked. Take that out of the equation, and the market will seriously start to crunch the numbers on the 30,000ozpa at cash costs of A$600.
Bring on the next announcement!
AAM Price at posting:
10.0¢ Sentiment: ST Buy Disclosure: Held
