AWJ auric mining limited

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17.5¢

Ann: Jeffreys Find Stage Two Sales Exceed 14,800 Ounces, page-42

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20/01/25

18:41

Post #: 77483855
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Originally posted by Lenin: ↑

One thing is for certain though and that Auric is going to make a lot of money from this investment.
$5m in 2023
$15 million in 2024/early 25 or thereabouts

$20 million in total and the MD said total costs spent by Auric have been about $1.5m
More than 10 times the return on your money in less than four years I'd say was a pretty good investment.

These guys appear to be at the start of a long and sucessful run as they set about mining Munda next. My guess is that they can pull out a minimum 100,000 ounces over the coming few years, and better still, they are not sharing the profits with a contractor. This thing will yield money.

Finally, they have bought, or are buying the Burbanks Mill. If they can get it rebuilt for $30 million which is just a guestimate then they could have a mill able to churn through 500,000 tonnes a year. The end result being that Auric is a long term, sustainable junior gold producer, maybe in the order of 30,000 to 50,000 ounces a year. Serious money to be made in that space these days. If the gold price slides upwards to A$5,000 an oz over the coming couple of years Auric has every chance of being a litlte pearler for investors.
Bring it on comrades

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Could someone please clarify the situation re permits for Munda. It has obviously been mined so there have been permits which usually carry through without much trouble. Are there any other blockers to digging soon?

AWJ Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
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Last 17.5¢		Change 0.000(0.00%)		Mkt cap ! $32.54M

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