Ann: Walford West Exploration Update Addendum, page-2

Not much happening, which could be good, so I checked the Bell Potter report (29 June 2018) on the AML website. It rates AML as a "speclative buy" and gives a "price valuation of $0.54 ish". According to the report, we can expect to receive news shortly on the seismic survey. Bell Potter visited while that work was being conducted and they write that:

"...a 32,000 line-kilometre 2D seismic survey has been completed. This had
previously been delayed by the contractors but an opening in their schedule enabled them
to undertake the job at Walford Creek at the time of our visit."

The Bell Potter report goes on to say that the seismic survey will provide new info on the geology at depth (600 metres) - I don't think AML's drilling has gone too far beyond 200 to 250 metres. They say that interpretation of the seismic work should take 2 to 3 weeks, so I'm guessing that an announcement is imminent. Bell Potter write:

"This will cover the existing Resource and several kilometres west of it. It will be an entirely
new dataset and exploration tool for the project, aimed at providing stratigraphical and
structural information to depths of up to 600m. Interpretation of the survey data is expected
to take 2-3 weeks and help identify structural traps for hydrothermal fluids – potentially high
grade zones in the deposit. Apart from providing structural information to aid drill targeting its timely completion qualifies AML for a ~$200k Collaborative Exploration Incentive payment from the
Government."

Good luck this week, amegos.