AAR 7.79% 7.1¢ astral resources nl

some here make it sound like aar have been fleecing holders for...

  1. 1,419 Posts.
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    some here make it sound like aar have been fleecing holders for years. the recent cr's were to groups you dont mind having on the register. its been years since they put their hand out to holders and in the meantime they produced enough gold from mandilla to fund the day to day expenses for a few years as well as drill and prove kp to the pfs stage. they've been very stingy with funds which has made it painstakingly slow.

    aar has a mc of 25mil?

    with kp at the pfs stage and with the expected upgrade to copper reserves, the project(not igv) would be valued at 100-200mil. (igv 1.5-2bil)

    any partner coming on board, which i think is the most likely scenario, would be expected to front up enough to cover all capital costs. they may be able to fund it themselves but i'd prefer a j/v with someone who can develop and operate the project. if aar go it alone it will take forever. the return may be better long term but most of us aren't young enough to wait.

    this will leave angus to dig up feysville and drill vd.
 
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