Multiple scenarios could play out here.Wait for the resource...

Multiple scenarios could play out here.
Wait for the resource upgrade and the share price gets a nitrous injected boost OR
the blues brothers could launch a bid, and the time to do it would be now before the upgrade and whilst the share price is depressed. AGS is a thorn in the side of General Atomic with a minority 25% interest. Remember that they only paid aud300k plus a few million for drilling for their 75% interest (sort of makes me doubt the calibre of the jokers at head office) but thats before the introduction of Mutz. The contract clause relating to Mutz's $1.00 call option intrigues: Exercisible upon takeover. Hope Mutz is a seasoned horse trader.
Food for thought.
All good anyway.