AAR 0.00% 7.7¢ astral resources nl

down she goes, page-20

  1. 15 Posts.
    1) Oh yeah, 900m of gold with a maximum value of 4m @1.46g/t and 4m @1.23g/t. How good is that ? The cost of digging up that gold will way beyong the current gold price, that is what happens to VRE, 400,000 ounces but go into administration. If it is that good, why is it not in a separate announcement as promised to be announced in middle of april but is burried right in the middle of the quartly reported.

    2) The Atlantis and Neptune extension is what exactly mentioned in the Overview section of the last quartly report. Read it careflly: "It is anicipated that the program will increase resources at Sandiego and Onedin, impoving the VIABILITY of the project, and advance the project to feasibility stage"

    If the current resources of Sandiego and Onedin alone are very profitable as is kept mentioned for many years since 2004, why does it need to extend resource prior feasibiity ? why the word viability is mentioned ? why is it taken too long to dig it up and sell and making use of the zince and copper price in 2006-2007. This mine has been own by this company for more than a decade and the metal price has been gone up since 2003. A decade is good enough for any consideration, design, etc...The slow pace moving speed is because the operating cost is too great, it is far more than the current metal price, that is why it does not go any where.

    Once the result of Atlantis and Neptune comes out, I bet this stock will head down to where it was in the 20th century 1c.

    Keep crossing your finger on a hope without fact will fail you terribly. Have fun.
 
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