AUC 2.17% 47.0¢ ausgold limited

This is a really good presentation. I think the key message is...

  1. 9,059 Posts.
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    This is a really good presentation.

    I think the key message is what we have been banging on about @BaltasarG - before 2 months ago it was right project, wrong people. Now it is right project, right people. And that has brought the third tick of money now on the table to really drive things.

    Both John and Matt point our main mine trend likely still holds a lot of gold but its just not accretive to drill that at this point. When we show a 10-12 year mine life at 100koz+ this is already a standalone project. Once they have cash, resource/reserve replacement is a safe bet.

    We are drilling at the moment at Stanley/Duggan/Regional looking for a high grade satellite. If you drill out 400-500koz of 2g/t+ that you can blend in then that moves the dial on production profile, lowers AISC and pushes out LOM.

    I finally have the confidence that we are building the team to build the project. It's been a winding road to this point, no point denying that, but the stage is now set with gold backdrop being a big positive.

    I will be adding on any extended weakness
 
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