AWJ 1.54% 33.0¢ auric mining limited

Ann: Milling of 150,000t Underway. Cash to Auric within Weeks, page-11

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  1. 2,408 Posts.
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    Two parts of this announcement are nicely positive.
    Firstly instead of mining up to 350kt which itself was a 50kt increase from original plans,from Jeffries find the plan is now up to 400Kt.
    So now there will be a another milling Campaign ahead and contract for the EXTRA 100kt
    The second is of course more gold at higher prices changes future dynamics rather positively for quicker growth and options everywhere.

    The understated part of AWJ and their Modus Operandi is they appear to only drill cheaply to 35m depth from ground surface for ore definition,which is cheap and gave them the stage 1 pit.
    Stage 2 also had 35m drilling before production.
    Will there be a stage 3 is any ones guess?

    It is one profitable bite at a time.
    Munda is going to be much the same except grade appears to get better the deeper they go down towards the bottom of their 35m holes.

    Fun times ahead.

    DYOR + DYODD Money mining without any Crypto crap.
    Gold mining without a mill or big staff and a need to keep producing when there is no or little money in it because you have a mill to feed and staff and contractors to pay.
    Real secure in a downturn in gold compared to other Goldies because of such a Lean and Mean operational plan.
 
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