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03/05/16
10:15
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Originally posted by sydneysider
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My sense is that AYC is seeing an "upside" in gold targets, rather than the pessimism that grips this board. Go back and look at the number of targets that have been generated. First hole cut over 5.5 meters of gold bearing breccia's within 24 - 35 meters ( 11 meters) of core. Which is a very good result.
Looks like AYC are now sitting on top of the breccia zone and can spiral down around the near vertical system and extract gold as they go.
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I'd rather buy at 4c the day they announce they've mined 1000 ounces that month than to buy now when they have 140000 cash at bank with no income....
They do have gold sales receipts of 0.75M funded by issuing $1 M of shares
Last edited by
meric :
03/05/16