AUC 5.13% 3.7¢ ausgold limited

Far different system to SPR though I am not a geologist. I hold...

  1. 1,432 Posts.
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    Far different system to SPR though I am not a geologist. I hold both though bought SPR at 33 cents and then doubled up on the lows of 10 cents. Never Never and Pepper at SPR are extremely high grade shoots to depth. Never Never I think starts near the surface. Spartan also has an almost brand new Mill on care and maintenance ready to go probably valued over 300 million. AUC needs to build one. I think if AUC can get prove that they can get a resource at one of AUC satellite deposits Stanley and Duggan, which I think we are waiting on drilling results, that can be blended in with Katanning ore then I think the share price will start to move. Alternatively, a declining U.S. dollar may also get the share price moving as overseas investors look for Aussie cheap gold assets to invest in rather than holding U.S. dollars.

    The main thing holding AUC back is the grade though I expect this will change as gold increases to the U.S. dollar and if they can find higher grade elsewhere.
 
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