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28.5¢ austar gold limited

Ann: June 2020 Quarterly Activities Report, page-23

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vertigo

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31/07/20

23:23

Post #: 46231536
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Originally posted by trtkjd1: ↑

but they were never going to fill the plant to capacity from the start , processing every second week . Seems a bit silly starting a goldmine if you know that only running it at 10 percent of capacity is going to cost you millions . And that’s with gold near doubling in price . You can throw every excuse you like up , and you do , just face it Morning Star has never even come close to expectations most shareholders would have expected. . Yes you can say grade does but then they hide the real diluted grade behind wording like no waste was hoisted . Yet there would have been , how much ? It just wasn’t carted to the surface.

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They started small so the mistakes would be small so they wouldn't end up like MCO and I wouldn't end up like you.

They have been making incremental improvements and now that the plant has been upgraded its time to build the mining inventory and feed it to capacity. Next quarter will show the company turning the corner.

AUL Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
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