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28.5¢ austar gold limited

Ann: Regional Exploration Program Update, page-7

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03boz

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02/09/20

17:47

Post #: 47031716
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Originally posted by minstrels99: ↑

Hi , i dont hold here but was considering it , however looking at the grades being sampled i really don't see a lot to be excited about . The assayed results are pretty minimal when you consider that they have to move many tonnes of rock in some instances to get at grades less than 4g per tonne ( 7 tonnes to get an ounce ) and at some pretty thin intercepts . Maybe i am wrong and i guess much depends on the average of how many grams per tonne this company needs to be profitable ( a figure i couldn't see quoted anywhere ) ..... don't get me wrong i am not down ramping or putting sheet on the company just trying to find a reason to get involved but am currently struggling to justify an investment .
Appreciate if anyone can shed light on the points raised.

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Check out July 13 th "AUSTAR GOLD JULY OPERATIONS AND PRODUCTION UPDATE", or just wait until next week for the August update for more information.
Cashflow positive in July, personally I am looking for an even better August.

AUL Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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