As mentioned above we need approximately $40-50 million to get the stuff out of the ground. My feeling is the AHR has no plans to mine and would rather sell the resource to a take-over and then go looking again. Taking some nice profit quickly.
Whats stopping AHR from taking out a loan for the cost of mining it? I know it would be a huge debt for such a small market cap, but with the asset that is in the ground I'm sure someone would be happy to lend the money with a high return... give them a stake in the company instead of paying them interest... or something like that. I'm sure there is plenty of options.
AHR Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held
