AUC 5.88% 3.6¢ ausgold limited

Ann: AUC Expands Katanning Gold Resource to 1.84 million ounces, page-83

  1. 466 Posts.
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    This is inept. You are comparing a company with an early stage resource to a producer and blaming them for not having a figure that can only come meaningfully from a study which they have appropriately not completed. You appear completely ignorant of the mining industry and mining development.
    In addition there is nothing wrong with the grade, if you were not so ignorant you would know there are dozens of projects around the world with grades less than this who would love to have this grade.
    There is one issue and one only for AUC which is, how much is there? They are appropriately drilling to find out.
    Next time you get your head kicking boots maybe have something meaningful to say.
    Like the packages for the non execs reflect extremely poor corporate governance or their fund raising was telegraphed and inept. But their drilling to define what is there has been very good.
 
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