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AR1

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16.0¢ austral resources australia ltd

Great summary. I suspect the market will awake to these factors.

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04/04/23

07:46

Post #: 67117517
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Originally posted by The Mechanic: ↑

I have been watching AR1 for about month and bought in the last few days, was worried about their debt until now, things have turned around over the last 3 months when they started being cashflow positive and it looks like they will will be able to comfortably pay the debt off in 1-2 years. Now that debt is under control there is alot of blue sky ahead:
holds large areas of very propspective ground around Mount Isa in a world class mineral precinct
lots of drilling results coming in the next few months and alot more drilling planned this year
joint venture with Glencore in some very propsective grounds
Current revenue for the quarter is $35.5 million with a positive cash flow of about $10 million per quarter or $40 million per annum at current Copper prices
Potential to triple production to 30,000 tonnes per annum which could produce a postive cashflow of $100 million per annum
Looking at sulphide Copper strategy
Positive Scoping Study Delivers Robust Economics for Lady Colleen discovery with a high grade core at 2%
One of the few pure Copper companies in the ASX
Copper demand forecast to continue grow in the coming years and supply shortages predicted, prices likely to remain strong and to continue to rise

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Great summary. I suspect the market will awake to these factors.
AR1 Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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