AHR announcement dated 3 December Page one Paragraph 3. SCOPPING STUDY IS ALSO WELL ADVANCE WITH DELIVERY IS EXPECTED PREE CHRISTMAS.
The Scoping study should have a calculation of the current resource $ estimate, Estimated cost per share, Matrix detailing share price as resource increases, Mine setup cost production cost per Tonne and a targeted drilling suggestions.
We already have. Via underwritten SPP $1.5Mil plus $400k in the bank. Cost of last drilling campaign App $800K Mine Set up Cost App $40Mil. Current Tungsten valuation App $300Mil.
I have a thought that the directors and Stutters may be working between Xmas & New Year finalising any further moves. At least with the Independent Scoping study all parties have a negotiation benchmark.
A typical Coping study should be as per slide 9 of the following attachment. http://www.asx.com.au/asxpdf/20091117/pdf/31m3d3s1rgg0x2.pdf
Time will tell.
AHR Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
