AWJ 1.54% 33.0¢ auric mining limited

Morning all.@Nedkelly01I need to add to that post and clarify a...

  1. 4,314 Posts.
    lightbulb Created with Sketch. 6505
    Morning all.
    @Nedkelly01
    I need to add to that post and clarify a large element missing in those numbers.
    There is the cost to mine and Haul to come out of that.
    They will not be using BML as they may be too small to do this project and leaves that part of costs a little hard to estimate.
    I do understand that the Haul will be very short and hence a lot less.
    Personally I believe that the resource could rise as grade control starts on the side of the existing pit that includes the HG.
    That HG could also lift the overall grade but I will have to leave that up to further drilling and ann's to come.
    The real surprise element will be how the GP behaves from here could really multiply the margin.
    I would hazard a guess that a current margin of $1,500 for a conservative 200,000 oz would be close.
    Let's see how this is effected as we progress.

    Kind regards, Wack
 
watchlist Created with Sketch. Add AWJ (ASX) to my watchlist
(20min delay)
Last
33.0¢
Change
0.005(1.54%)
Mkt cap ! $49.02M
Open High Low Value Volume
33.0¢ 34.0¢ 32.0¢ $76.40K 231.4K

Buyers (Bids)

No. Vol. Price($)
2 13268 32.5¢
 

Sellers (Offers)

Price($) Vol. No.
33.5¢ 29653 1
View Market Depth
Last trade - 13.30pm 18/09/2024 (20 minute delay) ?
AWJ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.