Day Trading April 1 - Morning, page-232

AUZ is going fully on potential. It's a nice story but I've been doing the rough calculations at the current expected resource and while it's pretty early days and this may be too early, they will have a hard time finding a huge deposit here (being >1Moz)

So far its ~400m x 75m @ 10m @ 5-8g/t

That's 200 koz to 350koz

Extending that to 1km which is heading towards the very end of the magnetic zone, would give them 850Koz of high grade.

If they could then show extensions of low grade (~1.5g/t as per previous drilling) as per previous drilling of say 100m either side (@10m width) that's an extra 130k

In my eyes that's the best case scenario (900koz deposit) but its far more likely to be somewhere around the 300-600koz range depending on the current drill result grades.