Well the NST acquisition of the STK deposit, puts the notion to bed that NST and similar size companies wouldn’t look at 1-2m oz deposits, considering STK wasn’t even 400k oz. Now I don’t know when STKs latest resource was but assume there has been drilling done since and a new resource would be higher so NST might know they arent really paying $180/oz. But STK was in a belt with only NST as a neighbour. No one else would have been interested in going there, building a plant etc especially when the resource was only at that level. When you look at the map of AAR you can see major gold producers within 50-100km, it’s a million oz resource already, upgrade to come and still more gold to drill out. So as you point out Yatchy, 1m oz deposits are getting harder to find and this one is in the gold heartland of Australia. I want them to build as well but also understand the financing issues. What is certain I won’t be giving my shares up cheap that’s for sure.
AAR Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
