"The mine method and mine plans have been more accurately investigated to ascertain the most viable option."
"Continued development of the infrastructure and processing requirements"
There are only two ways to mine sand, dredging and front end loader and they won't be dredging up there.
ATR have the grade, plenty of resource and you could build a basic wet and dry mill with all the other associated infrastructure for $100-$120m with a throughput of around 5-7mtpa.
I would suggest they stop buying back their own shares and get a move on with developing Donald, even if its a smaller scale to originally proposed. If they don't think they can do it and they believe the only way forward is with a JV partner, then you don't have the right people at the top.
This cycle won't last forever and any plant this size will take at least 2 years to build from sign off and they are not even close to it.
Spend the money (you have it), start ripping off a couple of the Iluka crew down the road and get going.
Pep
ATR Price at posting:
$2.90 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)