AAR 0.00% 11.5¢ astral resources nl

Mr D You are making a very good point - on one hand we are...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,262 Posts.
    lightbulb Created with Sketch. 28
    Mr D
    You are making a very good point - on one hand we are apparently inside 12 months of mining an initial open pit resource which is believed to generate ~15-20m in cash. BUT I am pretty sure that all assumptions are based on a A$1,700+ PoG. On the other hand we are still exploring the Feysville and Koongie projects and there is potentially massive upside just with these two.
    So I think you are right: up until say May this year SP was 100% exploration drive; now PoG starts being a factor, in particular short term in the absence of other news.
    EE.
 
watchlist Created with Sketch. Add AAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.