AUC 1.98% 51.5¢ ausgold limited

Top 20 Movement, page-316

  1. 1,786 Posts.
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    Totally agree that the barriers are 60c and $1 (always).

    PRU now hold 19.99% of PDI. Apart from De Grey, this is the largest domestic deposits around. If it moves towards 3.5Moz resource with the next drilling program it has to be re-rated. At this price, AUC is a potential takeover target for a larger company trying to maintain their production profile going forward. If this is a new mineral "province", AUC is in a prime strategic position and deserves a premium.
 
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