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Don't do it mate these guys are a life style company.

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01/03/21

21:56

Post #: 51433675
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Originally posted by dbrent1990: ↑

Hi guys, I'm not an experienced investor and I have no experience with mining stocks. I'm just wondering what the outlook for something like FAU is?
I did some quick maths (and given I know nothing about gold mining I could be way off the mark) so hear me out.
At the moment FAU has a market cap of 18.77m @ 1.7c so there's roughly 1.1b shares going around.
Lets say they begin mining and drag in around 100k ounces a year at $1000 and ounce (first off is that even feasible) so that's $100m a year. Right so to be rated at a $1b company, @ $100m a year it would take approx 10 years of operation (is there at least 10 years of mining on these sites?). So with all that said would it take all of the above for these shares to reach $1 a share?
I could be way off and probably am but I'm definitely interested in investing in this project and have always wanted to invest in Gold but honestly I don't really have a great idea of whether it's a solid investment opportunity or not.

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Don't do it mate these guys are a life style company.

FAU Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $1.811M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
42	128489953	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	47601031	19

View Market Depth

No.	Vol.	Price($)
42	128489953	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	47601031	19
0.003	137254334	20
0.004	10920024	9
0.005	9512014	5
0.006	2999990	3

Last trade - 16.12pm 02/10/2024 (20 minute delay)

FAU (ASX) Chart

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