Ann: Encouraging Mineralisation From El Pilar Porphyry Deposit, page-22

the way I see it re the La Demajagua Open Pit - AUD$ price of gold is still over $2500 and has pretty much held that the whole time USD$ gold is pretty much right at the $1650 scoping study price (only in the last couple of days has it dipped below that), AUD / USD is down to 64cents a much more benficial case when converting the proift share back to AUD

some of the input costs of mining eg fuel and energy, may go up but the futures prices there are well off the highs that peaked after the Russian / Ukraine, Crude Oil is actually back at Oct 2021 prices pretty much



but what if transactions don't need to be denominated in USD$ ?? and rather Yuan like the other nations levitating towards the BRICS trading pact ?

all that's only La Demajagua, but really ?? with the porphyry supporting observations of El Pilar (this thread), AAU's future is not about a $250m - $275m NPV small to medium Open Pit project, nor the approx $565M in-ground estimate of Antonio, nor the value of the Oxide Cap Gold and Copper domains really,it's about the significant Copper / Gold porphyry

anyway I'll be watching for more short selling in tomorrow's data, as I feel that with El Pilar being proven at depths below the Oxide Cap it'll be unlikely to see these lower prices for much longer, and any shorters will need to cover.