What the scoping study has shown is that we already have resources enough for a very profitable mine.The only issue I can see is mine life (4 years @ 150 tonnes by those figures)so more resource needs to be defined.Now, the geos would already know the probability of further discoveries and IMO so would Jinshunda because they were originally briefed as a JV partner.Lets see what happens when they get the expected poor response from the major SH.One thing I will point out to you guys...note the change in the Second Supplimentary Bidders Statement.Previously the deal was contingent on obtaining a minimum of %50 of all shares,now once you accept their offer,your shares are gone,no matter what happens.These guys want shares in AHR no matter what,and in 12 months time,with further resources filled in and feasabilty study done,if a much better offer comes along they will have your shares if you accept this pittance.
AHR Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held