So AQD has the green light for 5,000M of drilling - woohoo. The drilling being funded and an execution partner already line up. (For a MC of $12Mn.)
There's still another Peru one to come (soon), and commencement of Billy Blue. Oh and the other two EM survey results and drilling announcements (Balladonia, and Jimberlana) - oh, and an update on the other three (or four according to Graeme's quote) early stage opportunities.
To put how much upside risk there is into perspective, AQD's partner, S32 recently delivered its quarterly: Net cash increase to $1.9Bn US; US$16.5M of expenditure across 13 projects associated early stage greenfield exploration opportunities (10 or 11 of them being AQD!).
That's a massive warchest, and by the sound of it, looking to find a home. Win win for S32 and AQD.
Earlier in the year, I commented that it wouldn't be a 10x bagger q1/q2, but it would highlight the ridiculous proposition unfolding. Quarterly will do just that.
Thought the quarterly would come out today - Monday it is! What a great Monday it is going to be.
DYOR, as always
AQD Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
