They are building up inventories for possible buy out by gold producers who also has interest on the same location. With gold price forecast to be around $2300 plus in the coming year and possible inferred resources of over 3 million oz, I think this is their strategy at this stage, The buy out would only need to be for a majority interest, so AUT would still benefit after the first gold oz is produced.
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74.5¢ |
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Open | High | Low | Value | Volume |
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2 | 927 | 0.745 |
5 | 56547 | 0.740 |
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3 | 96014 | 0.715 |
Price($) | Vol. | No. |
---|---|---|
0.770 | 19071 | 1 |
0.780 | 91931 | 2 |
0.785 | 30000 | 1 |
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