AMN 3.70% 14.0¢ agrimin limited

No doubt you are dismissive of bores because RWD are toying with...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,933 Posts.
    lightbulb Created with Sketch. 46
    No doubt you are dismissive of bores because RWD are toying with the idea.
    Yes they are expensive.
    Grade dilution is a real issue, as discussed in the Argonaut report and RWD hydrology/resource statement.
    Bores potentially avoid the need to increase pond size and pump larger volumes to maintain output.
    Just because AMN hasn't mentioned bores doesn't mean they don't have a role to play.
    AMN and all the trench operations will have to deal with grade dilution. I'm guessing it can be dealt with by retrenching or increasing pond size or using bore supplementation or a combination of these.
    Finally there is the issue of mine life.
    Accessing the top 6 meters limits mine life. Accessing the full 100 meters plus offers a longer life.
    The graphs on the Argonaut site show the interaction between grade, flows and both bores required or km of trench.
    Lower grade operations are less suited to bores.
 
watchlist Created with Sketch. Add AMN (ASX) to my watchlist
(20min delay)
Last
14.0¢
Change
0.005(3.70%)
Mkt cap ! $60.70M
Open High Low Value Volume
13.5¢ 14.0¢ 13.5¢ $4.399K 31.44K

Buyers (Bids)

No. Vol. Price($)
3 71467 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 3743 1
View Market Depth
Last trade - 11.54am 26/11/2024 (20 minute delay) ?
AMN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.