AUZ 7.69% 1.2¢ australian mines limited

Ann: Norwest zeroes in on high-grade copper and gold targets, page-18

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  1. 2,889 Posts.
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    Ura.. I get your annoyed, but mate look at it from a business perspective, we now own 28.1% of a gold explore, and if further grows into a fully fledged gold producer, with the drill results that are known now.. and further drilling and staying required to fully secure up a JORC.

    Now that said, imagine if Norwest become the next Sandfire... or another Northern star..

    AUZ will hold 28.1% of that value, and get rewarded in return, as a company. Which will flow onto its share holders..

    We don't have to pay for tenement renewals, drilling or exploration costs, or coming up with capital to further explore this asset.

    Owning 100% of something you intend not to progress is worthless, better to own 28.1% of something to gain a return.

    JD
 
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1.2¢
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Mkt cap ! $16.78M
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1.2¢ 1.2¢ 1.2¢ $11.7K 975.0K

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14 35271719 1.1¢
 

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1.2¢ 612037 2
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