AUC 0.00% 3.4¢ ausgold limited

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  1. 543 Posts.
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    @coto

    Please stop talking about SP when making comparisons across companies, it’s really meaningless as it’s always about Market Cap comparisons.

    My take over calculations differ greatly to yours…

    AUC at $150/oz x 1.5M oz = $225M take over offer would be fair and reasonable at this point in time, which puts SP around $0.10 give or take.

    I’m not saying AUC shouldn’t be valued more than this down the road, but it will require further de-risking the project and proving up more oz of gold (or better yet, discovering more).

    The future is positive for AUC (especially because it’s open pit with 3M+ oz potential), just requires patience and a change in sentiment. I bought more today and are holding plenty, and I do expect my patience to be well rewarded.
 
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