AAR 7.14% 7.8¢ astral resources nl

Ann: Mandilla Mineral Resource Increases 33% to 665,000oz, page-15

  1. 9,613 Posts.
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    If AAR prove up a MRE of 1million OZ they are looking at $200 an OZ acquisition making it around 36c a share. I personally would rather see AAR build their own mine and IMHO we will see an sp well over $1. If they can find the source of the gold then it is anyone's guess what the MRE numbers will be. Like I said 1 mill oz mre we all make good money if they find the source of the gold the SP could be anything?????? I was talking to a guy that designs open cut mines and has a relation who is a Manager at the Super Pit and he recons Mandilla has already proved up a mine with 600 mill OZ's. So I will just sit and watch the space !!!!
 
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