Ann: High Grade Copper Intersections at Kurrajong, page-13

I think they had RIO as JV and looking back they were talking about this deposit some 10 years ago. They are now looking for funds / JV partner but given the 3D looks compelling wonder how likely AIS are to hit decent thickness and grades. I think they did drill years ago but grades were sub 1% and not commercial I like AIS from what I've researched to date as been looking for a copper play but not sure of Lake Torrens. Probably 50/50 they hit the required grades and depth. If it's a bust at least they look fairly valued based on current producing mine alone and current financials. Any further thoughts welcome as considering to buy in. Cheers