Truly does. Both have multi-billion dollar resources.
BMN obviously uranium in Namibia.
AAR copper, zinc et al [ie, base metals] throughout Australia - WA and NT
Check out the following, recently released company presentation.
An IGV (in-groud-value) of $1.2bn is put on Koongie.
And thats an early estimate. You'll see the company themselves compares the project to JML's Jaguar, to OXR's, to TZN, to CopperCo, to....
See page 15.
http://www.anglo.com.au/_content/documents/552.pdf
These comparison companies are multi-hundred-million dollar companies.
When are thus far valueing this project at around $30mn (assuming a conservative $5mn value given to VRD, $9mn cash and say another conservative $5mn given to Mandilla)
Now, thats projects 1. Now for project 2:
Victoria River Downs:
Company say that they are "intially targeting 50-100mt zinc @10%".
Using a mid-point of 75mt's, thats a resource of:
Resource: 75mt [as given]
Zinc: $1 US/lb
= $1*2,250
= $2,250 US/tn
(simple conversion from pounds(lb) into tonnes(t))
Grade: 10% [as given]
So:
75mt @$2,250 US/tn @10%
= 75mt*2250*0.1
= $16,875,000,000 USD
IN-GROUND-VALUE = $16.875BN USD
- Forums
- ASX - By Stock
- AAR
- right now reminds of bmn when bmn was at 40cts
right now reminds of bmn when bmn was at 40cts
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.0¢ |
Change
-0.004(4.76%) |
Mkt cap ! $74.64M |
Open | High | Low | Value | Volume |
8.4¢ | 9.0¢ | 8.0¢ | $228.0K | 2.709M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6361 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 428169 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6361 | 0.079 |
2 | 154900 | 0.078 |
2 | 263459 | 0.077 |
1 | 150000 | 0.075 |
1 | 35000 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 428169 | 2 |
0.082 | 41000 | 1 |
0.083 | 14613 | 1 |
0.086 | 15641 | 1 |
0.087 | 116861 | 2 |
Last trade - 15.27pm 13/05/2024 (20 minute delay) ? |
|
|||||
Last
8.0¢ |
  |
Change
-0.004 ( 3.38 %) |
|||
Open | High | Low | Volume | ||
8.4¢ | 9.0¢ | 8.0¢ | 369964 | ||
Last updated 15.27pm 13/05/2024 ? |
Featured News
AAR (ASX) Chart |
The Watchlist
MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
SPONSORED BY The Market Online