AAR 5.13% 8.2¢ astral resources nl

xstrata gets the go ahead, page-14

  1. 13,363 Posts.
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    Glen, too much wine tonight, but I will clarify.

    Firstly JJ on boardroom radio...he actually stated AAR were considering options such as the plant "20kms away" (this would be the closed Nicholsons Find plant) and JJ mentioned the Sally Malay plant in the same statement.

    JJ also stated on boardroom radio that this is clearly an economic project and that base metal prices were 3 times what they were when Koongie was first analysed years ago...they are now 4 times what they were and rising.

    My information is separate to the statement made by JJ, i.e. he did not state it. I understand (as others in the industry do) that AAR have been in discussion with TeckCominco at Pillara about the possibility of processing through that plant, this isn't a secret. What the overall discussion was about who knows, that will come out in time.
 
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