AEV 40.0% 0.7¢ avenira limited

why are they drilling

  1. 755 Posts.
    Why will MAK be drilling in April?

    They already have a 2 billion tonne JORC resource at Wonarah.

    I presume it is too find better grades???

    If they mine at 2 million tonnes per year that JORC resource will obviously take 1000 years to mine.

    I expect there will be about 4 billion tonnes of phosphate or more at Wonarah?

    Surely it would be worth there while to pull it out of the ground ASAP at current prices and drill as they go?

    And surely they would have to be looking at a lot more than 2 million tonnes per year?

    Just my ponderings...

    DYOR

 
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