i was just at work going through the resource statement of koongie today. i did the sums on it and its already worth $2billion - just one project they have and thats ONLY indicated resources. they already spent $7 million over 15 years proving this thing up and over that time they also acquired 100% of it. the PFS for the development of this will also be upon us soon. earlier test work pointed strongly to the viability of developing it. not only this they are already printing money with their gold operations alone as it is. they have 30,000 tonnes waiting to be treated already and i equated that to about $6million in profit. they already have $5mill in cash too and if they keep this up they will self fund the development of koongie. 45mill market cap? this is a joke. put on top of this the huge exploration potential given the huge RMS 1780g/t intercept... AAR are 1km away...
im laughing so hard at all the mindless downramping over the past few days. there are companies out there that are 10 times more expensive, are constantly losing money and wouldnt even have the same potential right now as AAR. im glad that the fools selling out are being replaced with people that actually understand what they are investing in. we are better off without them. these are perfect top up opportunities if u didnt already get the chance to get set.
AAR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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