To be honest I am not sure. If you have been reading the MXR threads there were some posters (one in particular) who was obviously posting from self interest but at the same time is quite knowledgeable. MXR acquisition will allow more flexibility in terms of plant locations, TSF locations, water options and also mine plan scheduling. As much as I would hate it I don't know if this pushes timelines back a little. Capex costings will be largely the same, I believe MXR has mining permits etc so shouldn't change approvals timelines too much. Pit optimisation, opex for MXR ground and how they structure mine plan will be the main thing. My post above was my guess because MXR ground is same or slightly higher grade than Fayesville and 100km closer. So that will push that out. Gives us time to potentially drill another year or two of 1.3-1.4g/t feed at Kampermann etc.
I think it probably ends up that timelines probably don't alter overall but when things drop could. i.e if we do PFS without MXR then the work has to be done for DFS. If we push PFS then we don't have to do work for DFS.
All this said we are gonna have 165m new shares to churn and this could make AAR a slow mover for a while. Long term though it sets the stage.
AAR Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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