EV $123.2M @ $80oz for 1.25 g/t au based on peer group comparison with AOP and KIN which both have million ounce resource at 1.2 g/t au. BEFORE we assess 6,000m of drilling that awaits assay results.
This means we go 2x in price to match our peers.
AUC JORC now 1.54M ounces within a 17km trendline where all resources remain open, along strike, across strike, and at depth. AUC is now extremely undervalued and represents a very opportunistic take over target for a larger miner intent on developing a multi-million ounce resource, with near term open pit potential for a 10 year 150,000 ounce per annum operation.
EV $123.2M @ $80oz for 1.25 g/t au
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Last
51.5¢ |
Change
0.005(0.98%) |
Mkt cap ! $183.4M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 52.0¢ | 50.5¢ | $134.3K | 263.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 232800 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 2201 | 2 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| AUC (ASX) Chart |