You ask what Now? I am not sure if you read the latest upgrade and I must admit I am very surprised it was not headlined, but ARS will have a Scoping Study completed to evaluate a 500K TPA plant next quarter.
Normally what happens is a SS for the existing resource & then if positive, get some more funding for a DFS and improve the metrics of the SS. ( Normally another round of drilling which excites me.)
Considering a significant amount of capital has been dropped by the previous owner and the knowledge of their poorly designed plant, I am very much expecting that this will be a mine in the next 5 years. Of course being an early bird I am only here to get it to decision to mine and then free carry. So I think this little gem, has both a great little short/Medium and Long term out look.
ARS Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held