AAR 3.70% 8.4¢ astral resources nl

Hi IGO4IT,The 1/4ly was out on the 29th of last month. The...

  1. 722 Posts.
    Hi IGO4IT,

    The 1/4ly was out on the 29th of last month. The website indicates the below. I was hoping, for more clues than the 1/4ly :)

    Last site update - 4th November 2009

    (Operations)

    Reichman, IMO they will be using the Open Pit method as this is the least expensive to use and the advantage AAR have is that drilling has so far indicated they have a supergene. Basically good grades and at surface....they won't be able to go underground as this is extremely costly and time consuming....have a look at CTO lol....I think they will be able to dig out 50,000 ounces roughly via Open Pit IMO (Just a feeling I have)

    Jenita
 
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