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0.00% 2.0¢ austral gold limited

Slow progress with the contractors. Claiming production will...

  1. edshann
    2,323 Posts.
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    30/07/21
    11:35
    Post #: 54899876
    Slow progress with the contractors. Claiming production will rise from 13000 gold equ ounces in first half to 32000-37000 in the second half with much lower costs. Current gold price $US 1800 plus and AISC at $US 1050-1150 for FULL year after much higher costs in first half. That suggests great cash flow in the second half, but can they deliver? Market cap of only $78 million suggest they are very cheap even if they fall a bit short.

    I am certainly under water on this one.
    Last edited by edshann: 30/07/21
    AGD Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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