AUC 1.54% 33.0¢ ausgold limited

Devil is in the detail....Average grade has reduced by 20% with...

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    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.
 
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