As I first mentioned weeks ago AUT was valued at around $273/oz which I thought was pricey
But the market to me seems to be very forward looking at the moment in gold. so if a company can show potential to extend the resource and add tonnage with infill then it looks to be getting priced in early.
Gold is sitting just below that $1800 level so that is helping the per $/oz valuations
Ann: Auteco Receives Firm Commitments for A$30.4million Placement, page-64
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