Long-term, I personally have a lot of hope for AUN, despite...

Long-term, I personally have a lot of hope for AUN, despite being a bit disgruntled at the seemingly slow pace of things. Let's do a very rough comparison (my understanding at least):

1. BTR and AME are in the process of merging. Together, the combined entities will have a combined Market Capitisation of approx.$150 to 160m AUD.
*They will have approx. 3 million oz of Gold and no processing plant.

2. AUN has a current Market Capitisation of around $17m AUD and approx. 1 million oz Gold.
*AUN has a processing plant and Iron Ore (and maybe Uranium in the Sandstones??).

So one would assume our MC might be a third of theirs, or approx. $50-60 million AUD. I think that would make sense. Maybe games in play and everyone waits until the AUNOC options are out of the way, before an expanded merger (BTR, AME and AUN), WHICH would then have combined Gold of approx. 4 million oz, plus Iron Ore, plus processing plant.

All the best to you all!

Cheers

MicroNova2035

IMHO / DYOR