The grades are excellent at Beverley 4 Mile GRADE is KING when it comes to any mining operation. Beverley 4 Mile will be approx 0.20% The original Beverley deposit is 0.18%
Better than Honeymoon. 0.12% and Summits Valhalla 0.09% Those two deposits are the next most likely to begin mine production. There is no embargo of information between AGS and Heathgate. Much of the information shared between the two organisations, is not JORC Compliant so no comment can be made on it. AGS and Heathgate both know what they have, is huge. The answers are in the announcments.
Neither AGS or Heathgate are ramping what they have. But why should they? How does that add to shareholder value? AGS are getting on with mining Maldon. Heathgate are concentrating on proving up Beverley 4 Mile.
Management Ramping a share is useful before a capital raising to avoid dilution or to raise the share price to protect you from a takeover.
Otherwise ramping just distracts management from doing their job.
With Ian Gandel, John Dunlop, and Steve Johnston holding such a large percentage of the company, AGS will not be sold at a bargain price.
Resource estimate can be found here http://www.adam.com.au/paul Please do not take my word for it. Please do your own resource estimate.
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
