I am thinking one way only as 2025 unfolds, this scenario being one that is entirely possible:
1. Bank $5 million or more from the last parcel to go through Three Mile Hill. The flying gold price has increased the likelihood of a burster of a final payout for Jeffreys Find.
2. Mine the 128,000 tonnes at Munda for the starter pit and get it into a mill. With any luck gold will be more than A$5000 an ounce by then. According to Auric's estimates every chance of banking $10m to $15m in free cash from the experience. No mill yet but plenty of time to close in on toll processor in the district.
3. Push ahead with Lindsay's and the mining of Parrot Feathers later in 2025. Much of the work is already done and according to the reports we see about the project it could easily produce 10-15,000 ounces in a short amount of time. Again, it will not be that challenging to relocate the team from Munda to Lindsay's for this job. Then, bacd to Munda for a bigger slice of the resources on offer.
What does it all equal? $25 million in cash at the end of 2025.
IMHO 20,000 to 30,000 ounces of production in 2025 and into early 2026. After that the company will surely figure out a way to keep production up. On a roll. Sooner or later the shareprice will re-rate into the 40s and beyond. This is going to be one of the best junior gold stories in 2025.
AWJ Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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