Australia's largest stock trading and investment forum Australia's #1 stock forum

AUL

Click for more information

0.00%

28.5¢ austar gold limited

Ann: 90 g/t Gold Concentrate Produced & Bulk Sample Taken, page-17

First 17 Last

Share
Profile

Follow
bloomingruby

4,289 Posts.

23/01/15

08:53

Post #: 14627910
Share

Originally posted by josimar ↑

When Mantle Mining announced they were going to acquire the Norton mine November 2013, the gold price was touching Aud$1350. Now gold is at AuD$1600. A gain of $250 an ounce!

If IK and the board are thinking of a 10,000 ounce per year operation then the bottom line economics of the operation has now improved by $2.5 million p.a. above and beyond that at the time of announcing the acquisition.

IMO Norton will be a 20-30,000 ounce a year operation probably within a year of operation as they have the funds to buy more machinery, crusher plants e.t.c and add a hydrometallurgical processing to the processing circuit. That will be more than $5 million a year profit, or the entire market capitalisation of Mantle Mining.

We just need the announcement from IK and the rest of the market to wake up!

Expand

Nice post Jos. Will we see the quarterly today? Will it reveal progress at Norton or other projects. What will Mantle's cash position look like? What is happening with the "informal discussions re Mantle's coal holdings? Mt Muligan?

B Rubes

MNM Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Week 5 Wrap: JP Morgan says Tesla divorced from fundamentals; US Fed pauses; Oz young men like Dutton

PEN

Peninsula Energy sinks -13% as Lance uranium plant delayed; production guidance trimmed

BM8

Battery Age Minerals finds critical technology isotope Germanium-76 at Bleiberg

WIN

Out to WIN: The 'primed' gold play with sights set on WA production

HotCopper Highlights: Your most watched stocks for Week 5, 2025

DeepSeek is living in the market's head rent-free. But it's not China's only breakthrough of 2025

Expert Exchange: Andrew Baxter's 5 stocks and industries to watch in 2025

CC9

Is a lithium revival on the cards in 2025? Chariot Corporation say yes!

LLC

Lendlease offloads Capella Capital to clock $4.5B selling blitz up past halfway mark

Is the RBA about to spark a market shake-up?

First 17 Last

Add AUL (ASX) to my watchlist