AAR 4.65% 9.0¢ astral resources nl

Ann: Board Change, page-26

  1. 391 Posts.
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    The scoping study's values must now be considered to be superseded:
    845,000 recoverable ozs is too low based on the results received after the scoping study.
    The gp of $2750 per oz is too low with the price now over $3000.
    The running expenses are very solid with capital raised, apparently, with no further share dilution.
    The NPV is discounted a further 8% for a 7 year net pre tax amount of $442 million. I'm confident that amount will double: ~ $800 million.
    That's a dividend approaching 20c.
    Feysville, the base metals and AG not included.

    So, if not $2, then what?

 
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