Scoping Study included a draft proposal for an open pit with process plant (including an initial assessment of metallurgical recoveries for gold) and all supporting infrastructure. This was all based around a 1.2 million ounce resource utilizing a spot gold price of A$2,000 and ASIC of $1,615 to produce an IRR of 28.2%. Current gold price is above A$2,675 so the IRR would be through the roof.
IMHO AUC is drilling out a resource with conceptual potential of 2-3 million ounces within a gold camp that could host a bulk mineable resource exceeding 8 million ounces of gold (see earlier post on tonnage potential guesstimate containing 1.4 billion tonnes, where 250,000 million tonnes hosts +1 gram per tonne gold). I am stunned that investors continue to dump AUC at these levels. I am heavily overweight AUC. Good luck to all longs
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $131.8M |
Open | High | Low | Value | Volume |
37.5¢ | 37.8¢ | 36.5¢ | $282.3K | 761.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 44812 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 21000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 44812 | 0.365 |
3 | 67791 | 0.360 |
3 | 134803 | 0.355 |
1 | 2857 | 0.350 |
1 | 9000 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 21000 | 1 |
0.375 | 26132 | 2 |
0.380 | 7011 | 3 |
0.385 | 49997 | 2 |
0.390 | 80300 | 5 |
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