Been keeping an eye on this company, any thoughts on why the MC is relatively small for a company with a steadily growing, and high-grade Resource?
The closest comparison I can think of is Bellevue gold which has a MC of almost 1 billion dollars, grade is fairly similar, mineralisation style not overly different, although Bellevue has a larger Resource. Despite that, I believe AUT looks undervalued.
Evolution have been doing a lot of consolidation in the district, and being a Tier-1 destination the land holding looks pretty hot. No obvious local opposition to gold mining that I have picked up on.
Picking up on a vibe in this thread that the board are potentially a bit slack, so interested on any views either way.
Ann: Auteco receives firm commitments for A$20 million placement, page-16
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98.0¢ |
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Mkt cap ! $471.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 7179 | 97.5¢ |
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