AUC 0.00% 2.7¢ ausgold limited

A Sound F for Fail. They have spent $35m on drilling to find...

  1. 376 Posts.
    A Sound F for Fail. They have spent $35m on drilling to find 785,000 ounces of JORC at an average grade of 1.17g/t gold.

    Discovery cost is $45/oz. Miserable grades. Can't be commercial even at these gold prices.

    A re-invigorated board? Looks like the same suspects behind this now, as prior.

    Imagine what a small company could do with $35m of cash?
 
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