Great stuff for Auric in today's Kalgoorlie Miner.
With lots of ore on the ROM Pad at Coolgardie and bucket loads more to come from the mine site, it seems inevitable that Auric and BML will have a phenomenal year. July and August are going to be incredible months for the partnership if BML can get 145,000 tonnes to the mill.
The grade is bound to improve. Last year 176,000 tonnes were mined at an average grade of 1.86 g/t. Investors would like to think it could be something similar for the 145kt that is scheduled. If that's the case then you'd expect circa 8500 ounces for the second campaign of the year. Add that on to the 1255 ounces already produced then its the first 10,000 ounces of the year for Auric with lots more to come in the last quarter of the year as BML have a contract to mill 300,000 tonnes with Greenfields.
The share price is low and represents a first class buying opportunity right now. Once the money starts hitting the bank for Auric from the joint venture then no reason to think it won't be up substantially.
....And....then there is Munda. What a brilliant little company Auric is.
I'm sorely tempted to get into a few more at the current price.
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1 | 11860 | 0.320 |
3 | 65999 | 0.315 |
1 | 100000 | 0.310 |
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Price($) | Vol. | No. |
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