Has anyone had a detailed read of the offer document - https://hotcopper.com.au/threads/ann-offer-document.7359511/?
I have started re-reading it slowly, and I have come across something that may be of interest, and provide some insight as to why he has been mentioning Tratramarina lately.
Item 1, Page 13:
So correct me if I am wrong here, but from reading this, Akora actually "has 3 small-scale mining operating permits for Tratramarina West"?
My take on this is they are actually permitted to actually break ground, dig and process the ore and then sell it.
Is that right?
If the company has a permit to mine right now, then perhaps this is the reason Paul wants to do an electromagnetic survey and some exploratory drilling at Tratramarina.
What is considered "small-scale? I have no idea, but I tried to do a search but everything is in French, so I gave up.
This could be an extremely interesting development. But I still think it would be a while away from anything tangible.
There was the "Ann: North American Conference Presentation" - https://hotcopper.com.au/threads/ann-north-american-conference-presentation.6804703/ where there were a number of slides about the "West Coast Projects" that shared a lot more detail than we had seen in any of the investor presentations previously.
Tratramarina:
16kms to coast.
Some existing assay results
Small-scale mining permit in the bag
Very low CAPEX cost to start up
I'm assuming unbelievably low operating costs (in particular for the transport component)
I think this has the potential to change everything, but only if it could come online in the next 18 months.
What do you guys think?
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