1.84million ounces resource at USD$1.95k per ounce gold price currently = USD$3.6billion or AUD$4.8 billion at 0.75 exchange rate.
Not only that, they have around $20m cash on hand from recent cornerstone investment raising.
2x directors recently bought up $150k worth of shares.
Australian mine, not some bs high risk country. It's right here, in our backyard.
Why is this trading so cheaply at ~$130m market cap?
$4.8 billion gold resource, only ~$130m market cap
Add AUC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.5¢ |
Change
-0.002(5.41%) |
Mkt cap ! $80.36M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.9¢ | 3.5¢ | $110.3K | 3.040M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1312392 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 200000 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
|
Last
3.6¢ |
Change
-0.002 ( 6.58 %) |
||||
| Open | High | Low | Volume | ||
| 3.8¢ | 3.8¢ | 3.5¢ | 2119775 | ||
| Last updated 15.33pm 31/05/2024 ? | |||||
| AUC (ASX) Chart |