Comrades Most certainly we welcomed this announcement. Auric is sluggish at the moment, and we find it hard to understand why this is happening. At these prices my collective is considering topping up on our holdings which number more than 4 million shares at this moment. More and more we are starting to view Auric as a potential integrated gold company with exploration, mining and processing. They are a mini big-corporate look and only need a little bit of time and cash to metamorphose. The big numbers for Auric will occur not tomorrow nor next month, but most certainly as the year goes by. Why? Because they look as though they might be printing cash from Munda and Lindsay's. A sustained period of gold production of 25,000+ ounces a year is about to happen and I guess that is what the company has been building towards. If you are able to produce 25,000 ounces a year then you are going to have a clear $50m per annum coming in. After that they will have a gold mill operational and able to process their own ore without being at the whim of toll millers. On that basis it is worth being patient and supportive as this is not a speculative stock. If you are a speculator then this gold space is not for you.
AWJ Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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