We are in the Goldilocks zone. Never has it been more profitable to mine than now.
Our collective is fully on board with the cap raise. The most important thing is to keep producing more gold and quickly.
What makes this company a bit different is that it is recognising that in the long run you will need your own milling infrastructure. Mill space is now at a premium. What used to be $50 a tonne for processing is now on the rise and in a major way. If the price went up by $20 or $30 a tonne, which is entirely possible, then the economics of turning on your own plant has to be of heavy consideration. This is where Auric has a big start by putting its finger on Burbanks. This could turn out to be a winning hand, but you have to think about it as a three year game plan before you are milling in your own right. I don't know if it can be done quicker.
Even more worryingly to think about is that you will not find a mill available to take your dirt even if you had it. With the gold price like it is every man and his dog wants to get their ore milled tomorrow. So, Auric is right to address this matter in a clever way.
Bring it on we say!
AWJ Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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