AMG 0.00% 5.1¢ ashby mining limited

Ann: Trading Halt, page-17

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  1. 487 Posts.
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    The Trump tenement package has an existing mining lease. If the management can delineate a very targetted resourc(due 2018) through this round of drilling, they will be able to very quickly commence a pit design study. From there, its a matter of trucking the ore and sending it to Soul Pat processing plant which is not far away and cash will start rolling in as I believe there will be no further regulatory hurdle to clear.

    The near term cash flow generated from this can be used to fund an agressive exploration campaign at Burra next year. The primary goal at Burra is to uncover a world class, stand alone cobalt deposit.
 
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