AUC 1.18% 43.0¢ ausgold limited

This still only works if you put a valuation of 10 per...

  1. 53 Posts.
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    This still only works if you put a valuation of 10 per ounce..... and ignore all the other projects that they have a free carry in. Seriously undervalued - an appropriate price for a poor deposit is typically 20 per ounce, and a good deposit is 50 per ounce for valuation estimates. So hopefully AusGold can start addressing the specifics of mining - they have started this with a positive PFS, so watch out for metallurgical and engineering studies improving the robustness of the estimates.
 
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