AUC 2.04% 50.0¢ ausgold limited

Ann: Ausgold moves to a Larger 5Mtpa Gold Operation at KGP, page-6

  1. 11,991 Posts.
    lightbulb Created with Sketch. 6750
    Devil is in the detail....
    Average grade has reduced by 20% with a lower cut off of 0.45g/t.
    Strip ratio has decreased, but.... not by as much as they are spruiking (from 9 down 6.1).

    https://hotcopper.com.au/data/attachments/5291/5291489-b639d7eb2b0ce561e3bc394b55ca9ea6.jpg
    Filling a mine plan with barely economic ounces is not the way to enhance profitability....

    Good luck to holders.
 
watchlist Created with Sketch. Add AUC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.