It is actually not a bad business model @fitnfam. As you said, there are a lot of 10 million dollar profit pits waiting for the same sort of love AWJ has shown Jeffery's Find. There is also the potential for these 10 mil pits to be squeezed out for a few more extra mil, as we have seen with the Jeffery's Find project. Auric have proved they have the skills to do it once and they should be able to do it even better at the Munda project.
The skill that AWJ have is being able to see value that others cannot and then being able to then execute on that value.
As for their future, I can see them marrying BML Ventures (contract mining partner at Jeffery's Find). The synergies of the collaboration are apparent and the sum of the two halves would be worth more than the two separate.
It is actually not a bad business model @fitnfam. As you said,...
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $27.48M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 19.0¢ | 18.0¢ | $39.41K | 209.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 220211 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 19.5¢ | 138848 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
19.0¢ |
Change
0.005 ( 2.70 %) |
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| Open | High | Low | Volume | ||
| 18.0¢ | 19.0¢ | 18.0¢ | 80818 | ||
| Last updated 15.43pm 26/04/2024 ? | |||||
| AWJ (ASX) Chart |