LJ explained that Andy Wells narrowed down resulting in not much production for each vertical meter of development. The resource at AW widens out again just below the level they got to, but since they are using a bottom up method of mining they need to sink a reasonable chunk of money into AW development to get the mine producing again (I am sure LJ said $15 million at some point, but I can't tell you where he said this).
AW has a lot of value in it still and it will either be sold off or reopened when the time is right. LJ has got us to this point from a terrible position and I trust he will do the right thing with AW.
DRM Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
