The exploration team is confident that systematic drilling utilising 2 of the drill rigs along the 3.6km current Resource strike will lead to an increase in the tonnes and grade of the current Resource. The third rig is continuing to build exploration potential out to the west of the current Resource where there are similarities with mineralisation of the Marley zone.
So my calc a few weeks ago of a $50 billion inground value deposit was based on a multiple of current resource, well if current resource is going to increase - boomski.
AML Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held