AAR 3.70% 13.0¢ astral resources nl

Mr D You are making a very good point - on one hand we are...

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  1. 1,187 Posts.
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    Mr D
    You are making a very good point - on one hand we are apparently inside 12 months of mining an initial open pit resource which is believed to generate ~15-20m in cash. BUT I am pretty sure that all assumptions are based on a A$1,700+ PoG. On the other hand we are still exploring the Feysville and Koongie projects and there is potentially massive upside just with these two.
    So I think you are right: up until say May this year SP was 100% exploration drive; now PoG starts being a factor, in particular short term in the absence of other news.
    EE.
 
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