AUC 5.13% 4.1¢ ausgold limited

Issue with AUC is their isolation, in terms of mining. This is...

  1. 60 Posts.
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    Issue with AUC is their isolation, in terms of mining. This is the wheatbelt, and no mines for 500km and so no mills into which they could feed their ore. That makes a difference as a smaller resource could fly if there were hungry mills in the area. And so they need to get to the hurdle of having enough to justify their own mill, which I think they are just about at now - and then every ounce beyond that is a bonus.

    The high grade at Jinker south is the sweetener for me. Economically the open pit is nice but not amazing, but being able to toss in high grade dirt form UG would really bump up the economics
 
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