Crimsoncarp The IMPRESSION I got from the AGM is the Resource...

Crimsoncarp

The IMPRESSION I got from the AGM is the Resource upgrade would be out early December.

The Scoping study as per announcements will be released during the 1st Qtr of 2011.

Clearly management were disappointed, frustrated annoyed that the resource upgrade was not out buy the AGM.

Note the acceptance/take up % of the capital rising is dependent on the upgrade (Payment date 22 December) AHR has two very experienced geologists Grant & Garry therefore my GUT Feeling is that management would not have announced the Capital raising unless the upgrade results were (Trying to think of a word) exciting, Company making etc

Current Antimony value is $192Mil they have spent App $1Mil on drilling with some very high results 17% Therefore Hypothetically if they have a 25% increase thats a resource upgrade of $48Mil with a $1Mil expenditure and they still have not defined the boundaries.

Thats not bad. I would be happy to spend $1mil for a $48Mil return.

I am expecting greater than a 25% increase.

Interesting that after the Capital raising X date may holders are prepared to sit.

Please DYOR.