Scoping Study included a draft proposal for an open pit with process plant (including an initial assessment of metallurgical recoveries for gold) and all supporting infrastructure. This was all based around a 1.2 million ounce resource utilizing a spot gold price of A$2,000 and ASIC of $1,615 to produce an IRR of 28.2%. Current gold price is above A$2,675 so the IRR would be through the roof.
IMHO AUC is drilling out a resource with conceptual potential of 2-3 million ounces within a gold camp that could host a bulk mineable resource exceeding 8 million ounces of gold (see earlier post on tonnage potential guesstimate containing 1.4 billion tonnes, where 250,000 million tonnes hosts +1 gram per tonne gold). I am stunned that investors continue to dump AUC at these levels. I am heavily overweight AUC. Good luck to all longs
Mine Site Design and Planning, page-2
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Last
37.0¢ |
Change
0.005(1.37%) |
Mkt cap ! $131.8M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 36.0¢ | $453.5K | 1.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 49227 | 1 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| AUC (ASX) Chart |