AAR 0.00% 13.0¢ astral resources nl

Bellaire We have a NPV of A$36M for Koongie Park based on Cu @...

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    Bellaire

    We have a NPV of A$36M for Koongie Park based on Cu @ A$9,400/t (currently A$8,620/t) and Zn @ A$2,400/t (currently A$4,240/t) with the cashflow has an internal rate of return of 31%.

    Total Metal currently at KP:

    Column 1 Column 2 Column 3 Column 4
    0     AUD AUD
    1 Cu To 50,000 8,620 $431,000,000
    2 Zn To 115,000 4,240 $487,600,000
    3 Ag Oz 2,000,000 22 $43,589,744
    4 Au Oz 26,000 1,654 $43,000,000
    5       $1,005,189,744

    So whilst I agree that AAR should 100% focus on Gold, we cannot ignore the fact that we are sitting on an asset that will be attractive at the right time / to the right company, especially given the under-explored nature of the Halls Creek region and the rapid fall of global Zn stocks.

    EE.
 
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