I'm afraid AQD might not run out of money before it commences exploration in its other project in Peru.
Core drilling is very expensive and, there is no point proceeding further.
Another point is that even if AQD finds some Nickel at 250m to 300m depth it would be of no use as it would be very expensive to go down 300m underground to mine nickel.
Look at Sirus (SIR), it has got good deposit but at a significant depth. Nickel price in market isn't high enough to go ahead with underground mining at this stage.
In my view, AQD should focus on another project in Peru with whatever money left.
AQD Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held
