AAR astral resources nl

Ann: Astral Acquires 19.99% Stake in Maximus Resources, page-4

  1. 12,624 Posts.
    lightbulb Created with Sketch. 8320
    Interesting to note the current offer price per ounce. Similar to the $88 STK got from NST.
    Perhaps this is becoming the new benchmark... at least for resources that are 'bolt-on' enabling an enlarged MRE to become economic etc...
    Though I think this seems very cheap overall, especially when I look at NST, which will be able to bring those ounces into a mine plan within 2-3 years.
    So...approx. price is just 4% of the spot price.... I wonder what the historical average is?

    Agree Marc will have a plan... though part of the plan is clear... get 20% at $0.07... the rest... we will see.
 
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