AAR
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1.39% 7.3¢ astral resources nl

Just did a rough resource estimate on 8 of the 20 deep RC holes...

  1. halo_3000
    729 Posts.
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    24/09/19
    19:25
    Post #: 40553125
    Just did a rough resource estimate on 8 of the 20 deep RC holes at Mandilla East,

    Just say its 1.2gpt same as Gold Road which it seems close too,

    125m deep, 300m long, 70m wide = 2.62Mt ore @ 1.2gpt = 101,612 ounces so far

    AISC of gold road resources is $700US /oz

    Current price US$1500/oz

    Current value could be 100,000 x (1500-700)/0.75fx = $108M total cash flow,

    Albeit these prices are record high,

    But if they find more gold deeper & to the north west, to turn this a large system, this stock should keep risings.

    New results should be only 1 or 2 weeks away.
    AAR Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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