Back in 2012 I brought gold & silver at the perth mint it is worth alot more now so if I was to sell now I would be wanting alot more. So it is not unreasonable for AAR wanting alot more then $100 an oz for their gold in the ground now the POG is $4800 an oz. As far as comparing MXR to AAR it is like chalk & cheese MXR has no money and no prospect of building a mine and producing where as AAR is well on the way to building a mine with in the next 18 months (cash to get to FID insto's knocking on the door to lend the money to build the mine) Also I would have to say I have personally talked to shareholders that would hold more then 50% of the AAR stock so I feel very confident that if AAR is to be taken out before FID $500 an oz is closer to the mark then $100 an oz. St Ivis was producing gold when the POG was $1600 an oz pretty sure they would not have any trouble making money @ $4800 an oz so $500 an oz makes sense to me. If not let them find their own gold St Ivis last effort to find more open pit gold ended very badly they spent $25 mill and never found a cracker !!!!!!
AAR Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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