settle down, dont speculate, stick purely to valuation metrics on what is being paid to acquire open pit deposits. more risk of AAR running out of cash before being able to hit 2moz.
the company reported the last resource upgrade based on a discovery cost of $16/oz. that is very cheap. but to do mine level drilling to get more M&I it'd cost like $30/oz.
you do the maths and work out how much more they need to spend to Get to a high confidence level 2moz.
AAR Price at posting:
6.6¢ Sentiment: Buy Disclosure: Not Held
