They say on page 4; "Funded high impact program with > 60,000m of drilling planned," and then on page 6 "planned Q4 21 - Q2 22." How funded is this program? Even if they are somehow getting drilling plus assays for the ridiculously cheap price of $250 / metre then they'll need $15 million!
I don't see how they can drill anywhere near this amount of metres in 6 months - unless they have at least 4 rigs onsite, which they have never informed anyone about anyways.
Anyone here got any insights? Possibly poorly communicated - and they mean 60,000m including all the drilling they have done since the last resource upgrade?
Ann: Corporate Presentation October 2021, page-23
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AUC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.6¢ |
Change
0.002(5.88%) |
Mkt cap ! $99.43M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.7¢ | 3.5¢ | $200.1K | 5.564M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2595633 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 134916 | 1 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| AUC (ASX) Chart |