Australia's largest stock trading and investment forum Australia's #1 stock forum

AUC

Click for more information

8.82%

3.7¢ ausgold limited

Ann: AUC Upgrades Katanning Gold Resource to 1.54 million ounces, page-41

First 41 Last

Share
Profile

Follow
coto

11,327 Posts.

4667

22/04/21

08:19

Post #: 52637875
Share

Originally posted by sydneysider: ↑

Gold has risen A$150 in the last four weeks, now $2,313 per ounce. AUC drilling programs continue with JORC upside that will exceed 2.0M ounces of recoverable gold resources. IMHO next JORC update will come later in the year and my conceptual guesstimate will push towards a LOM that exceeds 10 years at a production rate of 150,000 - 200,000 ounces per year (from open pits) in the updated BFS.

Assume ASIC of A$1,600 per ounce at sale price of $2,300 per ounce, produces free cash flow of $700 x 150,000 = $105M annualized EBITDA x 6-8 = $630M - $840M. That is a minimum of 10x current price.

IMHO fresh drilling at Rifle Range and Dingo will extend resources by 5,000m to the south and 4,000m to the north at Jackson and Olympia will provide total resources of 3-5M ounces of gold. Drills have stopped at 220m depth, where resources remain open at depth.

AUC has to be a prime take over target by larger scale gold producers who are running similar back of envelope guesstimates on large scale, low cost, near term producers, with very significant exploration upside.

Expand

I hope we dont have a takeover, would love to see us go all the way here!

AUC Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

There are more pages in this discussion • 1 more message in this thread...

First 41 Last

Add AUC (ASX) to my watchlist

(20min delay)
Last 3.7¢		Change 0.003(8.82%)		Mkt cap ! $102.1M

Open	High	Low	Value	Volume
3.4¢	3.7¢	3.4¢	$301.4K	8.574M

Buyers (Bids)

No.	Vol.	Price($)
3	319509	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	1769214	8

View Market Depth

No.	Vol.	Price($)
3	319509	0.036
6	2046282	0.035
4	708618	0.034
15	2877583	0.033
11	1678562	0.032

Price($)	Vol.	No.
0.037	1769214	8
0.038	1698693	11
0.039	250671	3
0.040	461783	5
0.041	157423	2

Last trade - 13.45pm 12/07/2024 (20 minute delay)

AUC (ASX) Chart