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: McNally Reef Drilling & Mine Exploration Update, page-17

First 17 Last

Share
Profile

Follow
HotRods65

8,419 Posts.

591

18/06/19

23:07

Post #: 39122464
Share

Originally posted by jetjono: ↑

The quarterly will tell the tale re costs. Of course they wouldn’t predict an increase again. They only said that previously because the initial production was from material that was on the edge of the zone. They expected to get into the zone the following month. And as reported a material increase did occurred.
They did say they expect to continue to refine the process to increase recovery rates.

There is zero indication of an change in production rates either way. Hotrod saying that it seems to be half mined and closing off also seems at odds to yesterday’s Ann where they were finding more gold further afield with only two holes at this point in time admittedly.

This in reality could go anywhere (I’m a realist). There are lots of positives and lots of unknowns at this point.

Expand

I said McNallys, not hard to work that out from the diagram. Just in case you missed it see that red dotted line = closed off.
See the workings, looks about half to me and that might be generous. So really what on earth is odd about my comment??

AUL Price at posting: 0.4¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

QGL

Quantum Graphite snags new exploration licence in SA ahead of maiden drilling

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

WML

Woomera kicks off 2-pronged drilling at Mongolia's Bronze Fox Cu-Au play

TNC

True North shares jump on positive activity report as Cloncurry aims for Q1 production deadline

LML

Lincoln Minerals to kick off fieldwork at Yallunda uranium project in the nuclear state, SA

There are more pages in this discussion • 218 more messages in this thread...

First 17 Last

Add AUL (ASX) to my watchlist

SPONSORED BY