It would be good if it was $8 million each however the announcement says $8 million surplus in total for the partners i.e. $4 million each:
“The $2.2 million cash for Auric is right on cue. If the price of gold holds at current levels, then Jeffreys Find will produce more than $8 million surplus cash in total for the partners.'
Regardless, this is an excellent outcome IMO considering that AWJ's market cap is only $7 million. Importantly, it will enable us to further develop Munda without the need for a capital raise in the short/medium term.
GLTA & DYOR
It would be good if it was $8 million each however the...
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