300% by Oct, page-11

Good morning folks,

Whilst I do agree with the sentiment expressed, copper was down overnight and AR1 does have a reasonable amount of debt on the books.

Payback will be quick if the anticipated cash flows come through. A key driver will be exploration success before we see significant re-rating.
Still a relative new IPO which does keep some investors away until they see a track record.

For those with a 1-2 year time frame these prices look good.

All the best.

KKR