Ann: Drilling commences along strike of 1.5 Moz Gold Resource, page-40

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Learner72

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25/05/23

09:04

Post #: 67951454
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Originally posted by michaelhaley: ↑

Not to get off topic but from a quick look at AUT from a share price perspective.

Both companies have similar market caps, AUT 80.9m and ASO 97m but AUT have 2.3B shares outstanding. More than double that of Aston.

So put both companies on a level playing field for sake of comparison 3.5 cents x 2 puts them at 7 cents.

Aston also have a globally significant Nickel sulphide asset of 1.044 Billion tonnes MRE.

So I’m still confident that a significant increase in gold MRE from current drill program will gain investor attention in current market.

I agree that this company still has future opportunities to really gain investor attention with the Nickel as they achieve mining milestones such as offtakes and funding deals. They don’t need to lock in those contracts yet and locking in an offtake in current Nickel price is not encouraged. They are not at a offtake stage yet and it will happen when the team are ready. For now it’s understanding the Nickel and complete studies to work out best place to start open pit and keep growing gold MRE to derisk and provide physical capital for Nickel project.

I think they will spin off gold but only after they achieve maximum value for it.

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Mate I wouldn’t be surprised in Glencore coming in with a partnership or TO. As with other purchases coming fast in Canada I wouldn’t be surprised if Mr Forest hasnt been on the phone already with Mr Tolga. This 2.8milltonne is large an probability of it doubling is fairly high.

We can sit back an relax an buy up more at these levels as this has the opportunity to go 50-80k tonne plant for many years. Imo

ASO Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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