metal prices up, page-7

Endymion,

Would you consider that the copper resource they claimed they hold is sufficient to warrant a mine..?? Could that be the reason they haven't got a development plan as yet.?

I remember when GGY (I am a shareholder of GGY as well) declared (if my memory serves me right) they had around 6 million tons or more of copper indicated resource at around the same grade, and when they had a feasability study completed, they decided they better sell the tenement to KZL for around $6.5million dollars from memory, to the disgust of the shareholders.

Now, if that was the case with GGY with a bigger resource, would you say that AAR would be faring better.??

IMHO, that is why the Management hasn't come out with any plans to start mining as yet. Because the start up costs of mining, and bring it to production level, are quite hefty.

If we were to talk around the 25/30 million tons or better, then we would be talking something. But with that smaller quantities they would be better off sending it somewhere else for treatment. And from my understanding, on average, the usual IGV of ore is based on about 10% of the gross value after taking in consideration all costs to get it to that stage. I am not an expert, but that is what I have been told a few times before. So I am repeating what I have been told.

Don't get me wrong. I am not downramping. I am simply a very disappointed shareholder that has been in this thing for an extremely long period of time and seen my investment going nowhere and shrinking. And I am simply expressing my concerns about this company and my investments in it.

Please DYOR and good luck.

Maybe one of these days I will do a Hangsen myself. Maybe.

Cut my losses and put the balance to better use.

Buddy