With Zinc prices up 70% this year and being the highest since 2008, and copper prices also looking stronger I wonder at what price levels our dynamic Board of Management would consider some work/deal/JV/anything?? at Koongie Park being viable.
Previous announcements show Koongie Park Indicated and Inferred Mineral Resources
Onedin Deposit Total Metal: 36,000 tonnes copper & 140,000 tonnes zinc metal
Sandiego Deposit Total Metal: 50,000 tonnes copper, 115,000 tonnes zinc plus ...
At todays commodity prices that equates to revenue of 1.6 billion AUS dollars
Surely something they could work with in this market ?? , but I doubt it !!
AAR Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
(20min delay)