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2.94% 3.5¢ aurumin limited

News: AUN Aurumin Says New Tenement Granted for Sandstone Gold Project, page-7

  1. MicroNova2035
    350 Posts.
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    06/01/24
    17:21
    Post #: 71756854
    I took a quick look back and in the AGM presentation (MDI) on 26 Nov 2020, and the estmated cost of refurbishment was $10.3m, with around 5 months needed to complete the refurb. Agreed, inflation would have driven the costs up since then (hence my guestimate of $15m), but it could be more?
    I believe MDI's cost estimate of $10.3 in 2020 only related to keeping the 500ktpa capacity, as is. However to upgrade to 750ktpa would likely cost alot more.
    It would be good to get a new cost estimate from AUN.
    Last edited by MicroNova2035: 06/01/24
    AUN Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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