Ann: Annual Report to Shareholders-ARE.AX, page-34

@hennaz924

Best bet would be to go back in History and see where the share price was back then to give you a rough idea how relevant the results and future forecast was for this tenement.

Back in 07/08 the price spiked to 66 cents a share, so I would say it is very relevant. But that is my opinion and as we all know, companies are priced on peoples opinions more so than the intrinsic value.


Yes, IOCG have been in a down trend since then but most realise that metals are a cyclical market. That being said, compare a chart from either Iron Ore, Copper, Gold, Uranium and compare them to and $ARE chart over the last 15 years and you will see that we have fallen substantially lower than the before mentioned, which to me suggests an even bigger upside for the share price if/when the prices etch back up to their historic highs or higher.


Let's see if the current shareholders have the stomach to still hold as it is still a risk.

I don't care which way the share price goes to be honest. I have a long term view about $ARE and the Torrens Project.


I will now just wait patiently and to take a line out of the recent annual "Let the Drill bit do the talking".