Yeah ARD has really been overlooked by the market the takeover really blocked out the huge resource value upgrade from 97mill to 250mill+ at kempfield on the higher but not as high as it will go Silver price This time next year I'm predicting ARD will have a total resource value Kempfield+sunny corner closer to 400mill with a higher Silver/gold/lead/zinc prices doing there bit as well as the drill bit showing up a much larger resource gee we only need to spend another 200k and we get 70% ownership GCR have enough on their plate at copper hill they won't bother to much on trying to keep much if any ownership at kempfield likely next year Kerry will have a new deal with ARD taking 100% control with DFS costs.
The numbers really do stack well add in the fact with the latest developments ARD fully deluted will still only have 130mill shares and enough cash to be in production come 2012(add in a $50oz+ silver price in 2012 $ SP not out of the Question)
ARD Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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