moving along

For what it is worth I think we have an interesting 6 months ahead of us.

The results of the lastest drilling at Feysville (Rogan Josh and Dalray) must be literally on our doorstep ready to be released. Hopefully they are good (or better than good) and hopefully they will be released in a nice price sensitive announcement and not the quarterly report.

A further drilling program is due to start this quarter at Koongie in the hope of increasing resources further as we move towards the Feasibility in the 4th Quarter 2010.

As per AAR's last presentation the Koongie 2010 Programs were described as follows:

Sandiego Drilling to Extend Resources.
Expansion and extensions of shallow supergene copper.
Depth extensions of wide high grade copper and zinc zones on north end of deposit.
Drill Testing EM Anomalies.
Drilling at Atlantis searching for strike extensions to high grade mineralisation.
Drilling at Onedin South. Possible faulted offset of Onedin mineralisation
along with more regional work of Geochemical exploration and ground EM at Black Rock Project.

Once the results of the above are known and added to the financial model then I suspect the completion of the Feasibility study starts to become a reality and at that time I sure we will start to hear about the options we have for funding because only then will we know exactly what we are going to try and mine at startup and exactly what the costs (capital and operating) are going to be.

It is probably going to be a make or break 6 months which in turn, I think, is interesting. :-)

The fact that I am still here despite their shortcomings and that my sentiment says "Buy" should tell you that I am betting on it being a "MAKE" 6 months for AAR NOT a "Break" 6 months. :-)