AUL 0.00% 28.5¢ austar gold limited

Ann: WRM: White Rock/AuStar Merger-Results of First Court Hearing, page-7

  1. 2,412 Posts.
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    I question your tier 1 rating of the AUL tenements.
    Tier 1 deposits are “Company making” mines. They are large, long life and low cost.
    The mines in the region, under current company structures and OH&S regimes means the likelihood of finding a tier1 deposit is remote.
    Historically none of the mines were a prolific producers on a yearly basis. I mean how many years has Morning star been mined for how any ounces produced. How was the 25g/t produced?
    You draw a long bow imo.
 
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