is it time, page-6

Lets re-focus people.....BE PATIENT!
Fat Prophets second buy recommendation of 2007....

Fat Prophets write-up of AAR in their weekly newslettter .......

"...members should await a buying opportunity, which could come any day now on the back of an announcement re the Koongie Park Pre-Feasibility Study results." at the time this report came out AAR was .063....

FP believes AAR is "very modestly valued', and "should certainly be on the radar screen of those members wanting base metal exposure".

"Given the clear and sustained break above the 6-year base formation, the long term outlook for AAR is positive."

"Given our bullish stance on base metals, we are constantly on the lookout for new, undervalued oportunities for members. We believe that Anglo Australian Resources represents one such opportunity. We believe the upside is enormous."

And on to describe AAR's Mandilla gold project in WA,
"first gold production has exceeded all expectations'. Mandilla 'is expected to generate $8-10 million nett cash after costs this year."

"When we look at the mammoth share price performances from our previously recommended emerging base metals opportunities like Fox Resources, Terramin Australia and Copper Strike, we believe AAR has a lot of potential upside, with no significant downside."

Then to describe AAR's second signature project....

"AAR owns 100% of the Koongie Park Project, which comprises an advanced lead-copper-zinc deposit at Halls Creek... AAR has completed extensive work worth around $7 million on the project and we await the release of results any day now from a Pre-Feasibility Study."

"The surge in base metals prices in recent years has undoubtedly boosted the development economics of the project."

"Our back of the envelope calculations suggest a possible production scenario could generate 30,000 tons of zinc metal annually with a cash operating cost of .08c per pound. This would generate a very healthy operatiung margin indeed, compared to a current spot zinc price around $1.90 per pound."

'Accordingly, we keenly await the release of the Pre-Feasibility Study.

'AAR could receive a substantial re-rating on the back of the development potential of its Koongie Park project."