Fair assumption. The benefit with OAU is the quick route to production and low AISC. There is great potential for Lydia too in addition to Crown Prince. Two open pits, low AISC and quick route to production to take advantage of the bullish Gold price.
Being only 30 minutes away from two plants for toll treatment is an enormous benefit that many juniors do not have. No need to build a costly plant.
Phil Crabb being a well respected industry stalwart in WA should have no issues securing excellent deals for the toll treatment (hence low AISC) which per quarterly announcement is at an advanced stage ("Ora Gold has advanced discussions for off-site treatment of the proposed oxide open pit").
Ann: Third Quarter Activities & Cashflow Report, page-7
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $42.84M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $154.1K | 26.62M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4006600 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 25343180 | 18 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| OAU (ASX) Chart |