"Looking at their website, it does not appear they can do any of this work in house as their team experience is in exploration, not resource/reserve estimation and project development."
I think most investors prefer all resource estimation and studies to be completed externally.
Investors generally trust work completed by reputable external firms more so than work completed internally by smaller companies.
As for project development let's not forget the recent appointments.
“ABM Resources NL (“ABM” or “The Company”) is pleased to announce that the Company has appointed Mr Brad Valiukas as Chief Operating Officer to lead the Company through mining studies and ultimately into the construction of a mining operation.
Mr Brad Valiukas is a Mining Engineer with over 16 years management and technical experience in the Mining Sector. Mr Valiukas has previously held roles of Chief Operating Officer at Focus Minerals Ltd, Deputy Chief Mining Engineer at Mincor Resources and has worked in both open pit and underground mining environments, and is an expert in narrow vein mining.”
And the previous appointment;
“ABM Resources NL (“ABM” or “The Company”) is pleased to announce that the Company has added Mr Andrew
Ferguson to the Board of Directors as a non-executive director.
Dr Mike Etheridge, Chairman of the Board of Directors said, "We wholeheartedly welcome Andrew Ferguson to
the board of directors of ABM. He will bring valuable experience in capital markets and financing to the Company,
and is also a qualified Mining Engineer.”
This company is no longer just an explorer. The focus has shifted to exploration and development.
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