Teckcominco are on record that they were seeking an entry and further expansion into Australian Zn resources, Pillara was just a start for them. AAR would be a prime target for them.
I have eluded to this before but it seems to be overlooked by most atm. The Atlantis extension of Koongie Park, if proven up, is going to place AAR firmly in the sights of the big Zn companies (like Teck). Atlantis is currently showing 14% Zn and you can bet on it that copper will be a big component along with lead, cobalt and silver.
I will look at your figures later on but looks very close without checking. With my clacs I looked at what you have done and then discounted for processing, however I excluded the value of copper etc. Your figures at a glance are the in ground estimate value.
AAR Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
