AWJ 9.76% 18.5¢ auric mining limited

@WiffaSniffa , what do you want to tell us with your proposed...

  1. 468 Posts.
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    @WiffaSniffa , what do you want to tell us with your proposed peer to peer comparison, BCN vs. AWJ, for the last 4 years?

    I am a long-term holder of BCN, exactly 4 years and now a short-term holder of AWJ, exactly for 2 weeks with first parcel at 19c and second parcel at 17c.
    As a BCN holder, I am not unhappy. In 4 years I received a total dividend of around 28%, but unfortunately I did not realize any capital gains.

    But I completely agree with your hope: "This Stock is a printing press for the ensuing Four years as a base case". What gives me hope about this:
    - First comparison from my side: MC of BCN is approximately 113 mio, MC of AWJ is only 27 mio, so there is a lot of blue sky potential for AWJ imho !

    So why my hope? You find it in the Quarterly Report above:
    https://hotcopper.com.au/data/attachments/6137/6137576-539bc31e5038c56f363a5cf98325185c.jpg
    - Second comparison from my side: Beacon had cash of $14.06 million at the end of the quarter, so being 14.4 % of MC, whereas AWJ has cash being 15,2 % of MC, means only slightly better.
    But Quarterly Report says: "The Stage Two pit design for JEFFREYS FIND is based on a gold price of AUD $2,900 per ounce with current price in excess of $3,500 per ounce.
    This is significantly higher than a gold price of AUD$2,600 per ounce used to constrain the Stage One pit design in 2023.
    BML executed a contract with FMR to toll mill a minimum of 300,000 tonnes of ore at the Greenfields Mill, Coolgardie during 2024.
    This is substantially more than the 176,000 tonnes processed from Stage One at the same mill in 2023

    And what else do we know from the quarterly?
    > First gold sales expected early May 2024.
    Have a look at your calendar ! May 2024 is not far away, me thinks smile.png

    So in summary for my hope
    - AWJ has a lot of blue sky potential for sp progress, considerably more than I give BCN credit for
    - If the current gold price stays this way, which I have little doubt about, AWJ should become the next cash cow that will also give us all golden dividends.

    At last, greetings from Germany and there is an old tradition here, dancing into May on the last day of April, so good luck all shareholders, the old ones and the new ones like me smile.png
 
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Last
18.5¢
Change
-0.020(9.76%)
Mkt cap ! $27.48M
Open High Low Value Volume
20.0¢ 20.0¢ 18.5¢ $168.2K 865.2K

Buyers (Bids)

No. Vol. Price($)
3 179053 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 344100 3
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Last trade - 16.10pm 21/05/2024 (20 minute delay) ?
Last
19.0¢
  Change
-0.020 ( 5.00 %)
Open High Low Volume
20.0¢ 20.0¢ 19.0¢ 187139
Last updated 15.39pm 21/05/2024 ?
AWJ (ASX) Chart
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