Australia's largest stock trading and investment forum Australia's #1 stock forum

OAU

Click for more information

10.0%

0.5¢ ora gold limited

Ann: High Grade Gold Intercept From Drill Core - Crown Prince, page-22

First 22 Last

Share
Profile

Follow
MrAu

4,102 Posts.

1338

04/07/23

19:22

Post #: 68618720
Share

Originally posted by westaussie: ↑

Would be a very good mining project for Westgold, they have all the trucks and machinery for open mining, the road from the highway was up graded when they open cut a area surrounded by ORA a couple of years ago, it runs right close to CP.
They might be waiting now to see what Alex and his team come up with a revised ore reserve and gold in ground estimate.
This new figure is going to be very interesting as with the very rich grades in the lode, coupled with the surrounding enriched envelope could bulk out to a sized mine.
I noticed in the latest report, they sent the part of the diamond drill core that showed XRF hand readings of arsenopyrite etc for assay, later I suppose further samples either side may show gold grade.
Phil Crabb and his close friends would be the key to any approach by Westgold or other suitors.
All proceeding in the right direction.

Expand

Tier 1 companies like Westgold do not buy explorer tiddlers. They buy the likes of Musgrave that have done the hard work and have excellent metrics based on feasibility studies and are derisked. OAU is a high risk project with a nuggety deposit no reserve and no AISC. Laughable to think Westgold would be interested.

OAU Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
3 Upvote

1 Great analysis

Reply

Top Stories

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

There are more pages in this discussion • 6 more messages in this thread...

First 22 Last

Add OAU (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change -0.001(10.0%)		Mkt cap ! $32.13M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$19.53K	4.030M

Buyers (Bids)

No.	Vol.	Price($)
69	73846698	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	3225000	2

View Market Depth

No.	Vol.	Price($)
69	73846698	0.004
16	9523341	0.003
16	11437563	0.002
9	47792038	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	3225000	2
0.006	42346745	18
0.007	12827598	15
0.008	18056005	11
0.009	16516872	5

Last trade - 14.55pm 19/06/2024 (20 minute delay)

OAU (ASX) Chart

SPONSORED BY