AAR 0.00% 8.3¢ astral resources nl

Ann: $7M Placement to Advance Mandilla & Feysville Gold Projects, page-11

  1. 131 Posts.
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    Thanks for the information Anthony. I didn't know about the base metals or silver. Seems like a nice cherry on top. Silver should be very interesting in the future.

    At a $60ish million market cap the resource is valued at approximately $48 an ounce which is a nice entry point. Especially considering that most of the resource at the moment is in one pit. According to the MD only Northern Star have bigger pits in the area.

    Considering how much companies like KIN and STK were able to sell out for this company is very interesting. KIN sold for $88 an ounce, whereas, Strickland sold out for approximately $176 an ounce.

    If they get to 2.0 million ounces then we will be laughing.

    GLTAH, DYOR and Happy Trails.
 
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