Sounds a reasonable assumption to me @Mozart56. A price of 6 or 7 cps by the end of the year would at least solve the cash shortage problem by bringing the options into play. Always very difficult to value anything given we have no idea if Zahena will hit anything and then the strike length, depth of cover and grade become important in assessing value. I do like the look of the Escondida nodule model -- from the last presentation -- and hope AQD could drill these targets at some point without having to give up 70 per cent of it. Another Escondida would put the share price into orbit.
Peru remains by far the most likely project IMO but I am keeping a watch on MRD's Fraser Range project and there are positive signs there.
AQD Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
