This was my post from a while back. This has probably been...

This was my post from a while back.



This has probably been discussed on their thread but I went through the announcements for AMN and found something strange. I briefly outline the announcements below:

16/08/16 Drilling commenced to convert 4.3mt indicated to measured and 19.1mt inferred to indicated

4/10/16 Drilling complete. Updated resource Q4 2016

13/01/17 Updated resource expected Q1 2017

04/04/17 No mention in announcement about updated resource. Its disappeared.

26/07/17 Expanded tenements but no mention of drilling yet (this could expand the resource 20%)

So what went wrong with AMN's drilling program? They failed to convert the 19.1mt inferred resource to indicated and the 4.3mt indicated to measured.

That means they are doing a feasibility study on a 4.3mt deposit! Hardly earth shattering!

Maybe RWD had a very good reason to abandon Lake Mackay?