AUL 0.00% 28.5¢ austar gold limited

"surpression", page-18

  1. 11,416 Posts.
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    Good post invest4it,

    What holders need to realise is that it was only 12 months ago since the BM tenements were granted, and the final drill holes for the JORC are being done over the next few weeks. That is a very rapid progression.

    The JV finalisation may be holding the SP back ATM, but it is not holding the project back. Plenty of work is being done behind the scenes and the projects milestones are being hit regardless of the delay.

    I know it is difficult to justify why Mantle has only a $35m market cap while another in the BCE space has over $90m MC. Considering one is drilling to JORC a 2bt+ resource, with access to rail and port and developing a JV with the Exergen consortium and the other is halfway through a design parasitically attached to a power station yet to determine whether their tech is even viable.

    I am not fussed though, any attention that either company attracts is good for the overall attention to the up coming brown coal boom.
 
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