AAU

0.00%

0.4¢ antilles gold limited

"Things could be worse & as for dilution, if you didn't top up...

First 17 Last

Share
Profile

Follow
capriccioso

755 Posts.

168

13/06/24

06:55

Post #: 74288747
Share

Originally posted by Hateful8: ↑

It was Sigs, although I originally queried why an extra 2000m worth was req when the original 7000m was supposedly enough to convert the earlier 28000m worth..

The answer may well lie in the 30 rejected holes that were highlighted in the mre.. Suspicion being they are the ones now being redrilled to tighten up the spacing to the 20m centres of the other indicated resource.

31koz or 41% of the gold resource within the first 50m is currently inferred, so no wonder the company is drilling that out.. Plus who's going to hand over $25m to build a plant when near half your shallow resource (the cash generating bit) isn't yet bankable to jorc std?

2000m wont take long as most will prob just peg 0 to 50m & will cost $120us per metre which includes assays.. $240k us and we're done..

PFS can be progressing now, which will just be tightening up the variables and reducing the 25%+/- factor to a more stringent measure..

Not a huge plant so its no Gorgon in the making & if you can't estimate a $25m operation to within $5-6m then get outta the game son it aint your gig sorry.. I dont expect huge changes anywhere other than maybe an ounce or two here and there on the gold resource..

Local contractor, if we recall, had been put on notice to prepare the ground work whilst the last couple of balls are in the air & agreements are being signed pending PFS.

May not need a BFS or DFS if the offtake partner is stumping up the cash. It's more a tool for the Banks DD req if you are funding via those channels.. Otherwise a PFS is tight enough to value the resource as a reserve in order to keep the accounts dept happy you haven't just gone & blown $25m on some magic beans & a promise of untold riches..

So yes the timeline is under pressure.. But show me a project that ever slides forward? Doesn't happen, or at least it hasn't since they built the Hoover Dam, they always go right because someone or thing is always reliant on something else..

Easiest thing in the world is kicking off a project, but you try landing the bloody thing on time & budget! Goodluck..

The project is mineralised from surface, at near 3 g/t au, for 110k oz at a 0.3g/t cutoff in a oxide ore that is 83% recoverable using a simple turnkey plant design.

Inground value of the gold alone is circa $9m risk/cost weighted -95% or circa $47m at -75% risk/cost weighted with PFS pending on some redrilling to meet even spacing (20m) Jorc req.

Things could be worse & as for dilution, if you didn't top up when the big boys did at sub 1c then you missed a golden opportunity to counter dilution & cash in on the way back up IMO.

gltah h8tey

Expand

"Things could be worse & as for dilution, if you didn't top up when the big boys did at sub 1c then you missed a golden opportunity to counter dilution & cash in on the way back up IMO."

I am pretty confident there will be another capital raising around 1c, maybe lower, to give us a chance to top up.

AAU Price at posting: 0.6¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GRX

GreenX picks up prospective copper project in Germany

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

WGX

Westgold sets its sights on top five producer status through merger with Karora

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

There are more pages in this discussion • 37 more messages in this thread...

First 17 Last

Add AAU (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $5.845M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$6.892K	1.748M

Buyers (Bids)

No.	Vol.	Price($)
60	60143294	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	30354307	26

View Market Depth

No.	Vol.	Price($)
52	56898424	0.003
26	35568145	0.002
14	26729950	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	30104307	25
0.005	5682256	9
0.006	1760493	5
0.007	2906213	3
0.008	4632238	4

Last trade - 16.10pm 02/08/2024 (20 minute delay)

AAU (ASX) Chart

"Things could be worse & as for dilution, if you didn't top up...

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

"Things could be worse & as for dilution, if you didn't top up...

Top Stories

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News