I believe once the JORC is proven and funding is confirmed as ready to roll , we may hear more regarding Outotecs interest peaking again...
after a few ping pong emails trying to dive into it. I will asume it didn't proceed due to feasibility. it's cheaper and easier to go with a smaller company like Lilac that will invest the time into the project, not having multiple other avenues of large profitable revenue to chase globally like Outotec do. once things firm up more I am sure they will step back up to the plate with a proposal for a full sized production plant. approx 20million or there abouts.
this would also mean ASN has funding secured and an order would materialise at the end for them as opposed to the project potentially folding and not bringing back a profitable ROI.
in other words I believe more companies will take interest in ASN and generate proposals once they've proven their JORC, funding and variations of grades. or de-risked.
@rjohnson1234 pretty sure it's not the fact they can't do it. in my opinion they won't due to larger fish to fry
above all in my opinion.
ASN Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
