AUC 2.84% 45.3¢ ausgold limited

Ann: Corporate Presentation October 2021, page-23

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  1. 253 Posts.
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    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?
 
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