Nice one Wack.
Personally I can't see Auric paying a dividend in the short term. Cash is needed for more grade control drilling - you are right on that one. With cash coming in from gold mining it would also seem prudent to drill holes coz we are an exploration company and at the very least you'd have to describe what the company has at Spargoville as tantalising.
The allure of Munda is that it has a lot of gold in it. I just checked on one of their grade control drilling result maps and see lots and lots of world class hits.
19m @ >9g/t Au and right next to it 17m @ 17.65 g/t Au and then 5m @ 321g/t Au.
The management at Auric are progressing this in the right way and hopefully they can get onto a trial pit within a short amount of time. I think all shareholders feel optimistic that Munda is going to be a performer and I feel that once we start mining we are going to unlock the potential this deposit has.
- Forums
- ASX - By Stock
- AWJ
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-4
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AWJ (ASX) to my watchlist
|
|||||
Last
28.5¢ |
Change
0.015(5.56%) |
Mkt cap ! $42.33M |
Open | High | Low | Value | Volume |
27.0¢ | 29.0¢ | 27.0¢ | $137.6K | 485.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 39965 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.280 |
1 | 2300 | 0.270 |
2 | 38500 | 0.265 |
4 | 75153 | 0.260 |
2 | 110000 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 39965 | 1 |
0.290 | 274684 | 3 |
0.295 | 185516 | 1 |
0.300 | 64000 | 2 |
0.310 | 24527 | 3 |
Last trade - 15.59pm 03/09/2024 (20 minute delay) ? |
Featured News
AWJ (ASX) Chart |