Short Term Trading Week Starting: 9 Jan, page-2

STTCOMP ARS, FA LONG

Share price 11c
Market cap $9.9M
Shares on issue 87.26M, 61.6M tradable shares
Gold explorer

THIS IS A HERO OR ZERO STOCK

ARS during quiet periods is a "lobster pot" and a stock many would feel un-comfortable holding as there isn't the market depth to change your mind 5 times a day. ARS are hunting for elephants and the Paupong IRG system in NSW is a potential "company maker" ARS have spend around 4 years and circa $4m to get to this point of target generation and has its drilling program supported by funding from the NSW Government Cooperative Drilling New Frontiers Initiative, it is a very serious target that has EXPLOSIVE upside potential in the event of an ore grade intersection.. All the hard work is done (for the first hole) and we now anxiously await the drilling results, in the event of a discovery i would expect to see the share price rise very very sharply from the current levels i will refrain from posting targets although i do believe we will see many multiples of the current SP!

TAKEN FROM THE ANNOUNCEMENT 20/12/16




A bit about the project: (taken from announcements)