Australian (ASX) Stock Market Forum

AAR - Astral Resources

Jump to new
Rocko,

The Nicholsons Find treatment plant is a clapped out gold processing plant.They could not get it to run properly for memory. However it was a very poorly run operation.

However TeckCominco are currently re-commissioning Pillara (lead/zinc) east OF Fitzroy Crossing which only has a current mine life of 2.5 years. They truck the lead/zinc to Derby where it is barged to a ship anchored in deep water.
 
Cheers for that kenworth, very informative.

I have tried (not too hard) to find info on that plant without success. I think with my interest in AAR I should go for a long drive to Halls Creek for a holiday (sorry work trip..lol).

I am really quite excited about the Koongie Park prospects but coupled with an about to become obvious successful (cash flow) Mandilla gold mine, AAR is looking very good indeed.

Apart from when anns come out....snail mail it seems. However tomorrow I think is the day all should become clear how good this is becoming.

Hope I am right this time..... :banghead: :confused: :D
 
Rocko,

As a frustrated ARH shareholder i know what waiting means. Whilst there doesnt appear to be much of an ARH following on this board at least you dont get caned for saying anything remotely objectively critical of ARH's performance. :banghead:

As a matter of trivia Koongie Park was previously owned by Ernie Bridge, the former politician. The lease is now held by an Aboriginal Corporation i believe.
 
I would be giving away my identity by telling you that...as there was only one of me.

Suffice to say I worked closely with all facets of the project mainly offsite with scheduled site vists.
 
kenworth69 said:
Rocko,

As a frustrated ARH shareholder i know what waiting means. Whilst there doesnt appear to be much of an ARH following on this board at least you dont get caned for saying anything remotely objectively critical of ARH's performance. :banghead:

As a matter of trivia Koongie Park was previously owned by Ernie Bridge, the former politician. The lease is now held by an Aboriginal Corporation i believe.
Click to expand...

Cheers for that info Kenworth. Yes I know how you must feel with ARH. I was in for some time before finally having enough and pulling out. Which now I am glad but I still follow what is happening with ARH...albeit not very much. The latest ann on financing would be frustrating holders I am sure.
 
AAR is about to explode looking at the buy line build.

Where the hell is the quarterly anns? So much for "we will be putting them out early"....sigh :rolleyes:
 
rockingham178 said:
AAR is about to explode looking at the buy line build.

Where the hell is the quarterly anns? So much for "we will be putting them out early"....sigh :rolleyes:
Click to expand...

No report at all, let alone early.......very disappointing indeed :mad:
 
AAR - Fat Prophets' buy recommendation of the week

Fat Prophets Mining has a highly enthusiastic write-up of AAR in their weekly newslettter today.

They said members should 'await a buying opportunity', which could come "any day now" on the back of an announcement re the Koongie Park Pre-Feasibility Study results.

Personally I think AAR will be out of reach "any day now", so I got in this morning.

(Tho it went up at the open from .063 to .064, which means it's still cheap.)

It's only FP Mining's second buy recommendation of 2007. Some quotes:

FP believes AAR is 'very modestly valued', and 'should certainly be on the radar screen of those Members wanting base metal exposure'.

'Given the clear and sustained break above the 6-year base formation, the long term outlook for AAR is positive.'

'Given our bullish stance on base metals, we are constantly on the lookout for new, undervalued oportunities for members. We believe that Anglo Australian Resources represents one such opportunity. We believe the upside is enormous.'

And on to describe AAR's Mandilla gold project in WA, whose 'first gold production has exceeded all expectations'. Mandilla 'is expected to generate $8-10 million nett cash after costs this year'.

'When we look at the mammoth share price performances from our previously recommended emerging base metals opportunities like Fox Resources, Terramin Australia and Copper Strike, we believe AAR has a lot of potential upside, with no significant downside.'

Then to describe AAR's second signature project:

'AAR owns 100% of the Koongie Park Project, which comprises an advanced lead-copper-zinc deposit at Halls Creek... AAR has completed extensive work worth around $7 million on the project and we await the release of results any day now from a Pre-Feasibility Study.'

'The surge in base metals prices in recent years has undoubtedly boosted the development economics of the project.'

'Our back of the envelope calculations suggest a possible production scenario could generate 30,000 tons of zinc metal annually with a cash operating cost of .08c per pound. This wuld generate a very healthy operatiung margin indeed, compared to a current spot zinc price around $1.90 per pound.

'Accordingly, we keenly await the release of the Pre-Feasibility Study.

'AAR could receive a substantial re-rating on the back of the development potential of its Koongie Park project."

Etc etc. It is the most glowing write-up published by Fat Prophets since well back into 2006 IMO.
 
robroy said:
'Our back of the envelope calculations suggest a possible production scenario could generate 30,000 tons of zinc metal annually with a cash operating cost of .08c per pound. This wuld generate a very healthy operatiung margin indeed, compared to a current spot zinc price around $1.90 per pound.
Click to expand...

.08c per pound :eek: think there might be a typo there lol - .80 per lb maybe.
 
Maybe I am missing something. In 2003 the estimate to maine the Koongie resource was $175M. If they are only going to recover 30000 tonnes that is about $5833 per tonne or $2.92 per pound
 
Unconfirmed report of the MD having been overseas in regard to Koongie Park. Anyone know of anything relating to or able to confirm this?

Seems very strong chance that Koongie will be utilising an existing processing facility nearby Koongie Park for the Onedin and Santiego Zn deposits. A facility nearby only has a 2 year minelife and production is slowing.

Both TeckCominco and Sinom are actively seeking exposure to advanced Zn explorers. Sinom have just got in bed with McSweeney for his upcoming Zn float as well.

Exciting times ahead....oh for some news updates from AAR. :D
 
People you are looking at a company in the making....

Announcement just out....in part:

"Campaign 2
6,300 oz at an average price of $A855 for $5,383,926

Total sold to date 11,050 oz at an average price of $A820 for $9,069,374

Some 1,379 oz of gold remain unsold.

Based on experience to date, the Company is confident that future production
will exceed the Reserve Model expectations and continue to be highly profitable."...end

AAR will be able to just abot self fund the Koongie Park development by the time this campaign is over.

Those with memories long enough may recall KZL in early days 1998/99 prior to Mt Garnet development...you are watching something very special panning out here.
 
TheAbyss said:
Beat me to it. Looks like the delay in processing helped them make some more cash.
Click to expand...

And did we all see the Half yearly update today?

I see AAR has now brought the value of returns up to 34 cents per share up to Dec 2006. This is so positive after returning -7 cents p/s in Dec 2005.

This doesn't take into account the latest gold sale income received or the gold still yet to be sold that has been processed.

Very pleasing report indeed, nice profitable company, excellent outlook and they have indicated that Koongie Park development is to be expedited (not exact wording).

With all that cash from Mandilla AAR just looks stronger every day.

As Angus said to someone recently though...they don't put out "sexy" reports. Probably why they are so bland, but the right positive data is within being the main thing.

I am really looking forward to the Koongie Park PFS update, as they have stated this is the "jewel in the crown" of AAR. This company just looks so good.
 
rockingham178 said:
And did we all see the Half yearly update today?

I see AAR has now brought the value of returns up to 34 cents per share up to Dec 2006. This is so positive after returning -7 cents p/s in Dec 2005.
Click to expand...

My apologies people the EPS should have read .34cps not 34cps and -.07cps not -7cps as I have in my last.

Still an excellent turnaround to return profit and great result for AAR and holders.
 

Similar threads

ducati916
November 2024 DDD
2 3
Replies
53
Views
5K
ducati916
ducati916
ducati916
February 2025
2
Replies
29
Views
2K
ducati916
ducati916
basilio
Ozempic: Magic Pill or Devils Bargain?
Replies
10
Views
2K
sptrawler
sptrawler
shezz150
My Passive Portfolio - Best options?
Replies
15
Views
4K
divs4ever
divs4ever
DrBourse
DrBourse TA Help for Beginners
14 15 16
Replies
319
Views
66K
farmerge
farmerge
Top