AUL 0.00% 28.5¢ austar gold limited

you are reliant at the moment of gold going to 2400 just to...

  1. 3,631 Posts.
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    you are reliant at the moment of gold going to 2400 just to break even at current production . The few really good gold miners may be making near 1500 an oz profit at that price. Other miners share prices will be going thru the roof Aul may rise a bit with the tide.investors that don’t take huge risk will shy away from this one and leave it for those that like a shot on the pokies and sports bet . If gold had fallen 300 in the last quarter you would be facing losing all of your capital . In your favour the gold charts look positive but can revers at the drop of a hat .It would be different if they were hitting targets and Rod jork was showing a robust project . If they get The mine up the road and fill the mill it could help .if they get A1 at current gold price and lower cartage costs it could quite possibly be profitable. But lots of ifs maybes and a decent cap raise plus time to turn it around . Plus if there still mining at A1 you can bet confidently that they are rape and pillaging the place and doing little development Good luck you still need it .
 
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