AUC 2.04% 50.0¢ ausgold limited

Eddy,A JV is a possibility for sure, but with gold price...

  1. alh
    1,493 Posts.
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    Eddy,
    A JV is a possibility for sure, but with gold price strengthening and many experts talking much higher prices because of the decaying US economy and dollar and Brics countries strengthening and being a real threat to the old world financial order, the big gold companies will be aware of the path for gold under the current circumstances and will be prepared to pay over the odds to get a resource like this, hence my comments re 20c mark.

    For me a financially a strong JV will be a better outcome long term than a takeover as would be progressing to a producer, but I am pretty sure this resource is going to be a sort after asset in this environment and once we have the DFS anyone wanting this resource will act fairly quickly while it is so undervalued, IMHO.

    ALH
 
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