If we are going to compare AUL with other similar Gold companies. I think the best comparison would be to compare AUL with MCO as the land is the same. Back in 2010 MCO had a MC of 100 mill. Ten years ago the POG was half what it is today. Today the processing plant is much more advanced than what it was back then. In 2010 they were on the verge of starting to mine MS and at the same time they were drilling many of the other old mines in the area. Today were actually mining and doing it profitably and getting ready to drill some of the other old mines. I don't have the actual numbers but I believe that our cost structure is much more streamlined then that of MCO. They had a few million in the bank but they also had a JV in place meaning they would have to share the future profits and we don't have that. Our MC is 11.5 Million.
AUL Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
