AAR management post Zinc conference are speaking to Sydney based...

AAR management post Zinc conference are speaking to Sydney based brokers. (feedback as follows)
- Koongie Park is highly comparable to the Jaguar deposit (slightly lower grades but size the same). JML market cap 350m vs AAR 35m. They however are 2 years ahead of AAR. Noting JML market cap 2 years ago was 62m vs AAR of 33m
- AAR will need to a JV partner to process the ore - Sally Malay looks perfect due to mill location, but with others looking for ore they should have options.
- They should have cash in the bank of 12m by mid-year but this is very conservative given recent ore grades. Perhaps closer to 15-20 is realistic. (which is 3-4cps in cash). Should be short term catalyst.
- The register needs a clean out given the stock has been trading for 17 years, but hopefully this trip will encourage some longer term holders to emerge.
- They reiterate this is one of the best under-developed resources in Australia. In-situ resource estimate remains at approx $1.2-1.5 billion AUD. (without including Atlantis which is showing good grades)

So where to from here... The story is very good over the medium term (70cps would it on par with JML) - but there is some hard work to do which management are driving towards. This stock has the potential to emerge into a very good mid-tier miner... but it is one for the patient investor.