RE:RE:Do They Have a Plan?The flow through money must be spent on exploration by the end on next year. I doubt they have a better prospect than Ike/Empress. The $777K from the non-FT is for company overhead.
Amarc will have to raise considerable money for its share of expenses if Freeport or Boliden (or both) decide to go for a 60/40 JV. They must have some kind of a plan. Some good drill results from Empress could put the spotlight on Amarc, especially with Boliden or Freeport drilling and then making a discovery. That would give Amarc's SP a boost.
Stiill it would be hard to get AHR into the $1.00+ range with ~250 million shares outsd. Sometime in the future the shares will have to be consolidated. Hopefully the copper price will be rising and good exploration results from Empress will open the door to a bright future for our company. I hope that is management's plan.