Ann: Starter Pit Underway at Munda Gold Mine, page-6

The first 2000oz sold will provide the $5m profit that was anticipated for the WHOLE starter pit plan at current prices and budgeted costs.
We have NICE CLEAN ACCOUNTS to boot,
CASH in the bank from mining.
NO loans
NO hedges
4yrs worth of SIMPLE pit mining ahead of us,if not more lined up and currently undisclosed.
The move with Lindsay's as an infill pit,if settled will effectively result in uninterrupted mining operations for AURIC and reduced pressure,so Munda mining can be planned efficiently without pressure to hurry up,so we can get mining again.
Each One individually costed with a conservative PROFIT margin on the mining operation to be had.

I look at others in this industry suffering the indignity of CASH/HEDGE/LOAN/PRODUCTION/REPAYMENT issues due to just one hick-up in operations and shareholders copping dilution and being loaded up with convertible notes,extra royalties and hedges as a result that literally destroy their companies asset values.

Never happen here,with this management,that's for sure.
At least here you know how many shares there are in the company without having to read 3 pages and work out what royalties and how many convertible notes with attached coupons and at what accruing interest rates compounding,will ALL CONVERT into shares and dilute you to hell if the company is marginally successful.

DYOR + DYODD I can already see the potential acquisitions fermenting that will come when others running close to the wire,doing all sorts of busy things to enthral their shareholders including acquisitions,at rather thin margins,even at these gold prices,have their hick-up and Auric is sitting there with its wad of cash in the bank and at a far higher valued share price,to pick up a few NON STRATEGIC ASSETS they may have to sell in a hurry as part of the usual " PLANNED rationalisation to concentrate on our current core assets".