I recently re-read the RNS following the 2012 scoping study. The company said how delighted it was that there was "continuity" of metal in a certain area - the Engine Zone, I think. If I understand correctly drilling, like any form of sampling, involves assumptions about the gaps in between. In that instance there was a shedload of luvverly zinc and copper.
I don't know whether the updated Scoping Study will include more drilling data (unused in 2012), or whether the rises in metal prices affects the order in which the site is exploited. Given the involvement of Fairport Engineering I expect that the mine design will feature prominently.
A good assessment but in the short term and once the scoping study and mine design is released in think this will rise significantly as more people see the potential and also the small amount of free float shares helps too.
Hi mate, not long back metals were half this price so bring our value down to £500m with extraction costs of £400m, Mmmmmm close call, the BOD predicted this price rise a long time back, in fact they predicted the metals price will become a lot higher than it is today, so suddenly Parys has become a very valuable asset, realistically even with extraction costs at £600m and metals worth £800m that still leaves £200m for AYM, with 172,000,000 in issues, that's over £1 per share, that's a long long way off but not out of reach
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