I hope for all involved AYC Discovery's a mother lode of gold...But I just can get that excited the way it sits currently ....150ktpa plant that looks like it will have to run over 100% Au recoveries to reach the forward targets @ 6.2g of 30koz+ p.a
Then there is no "JORC Reserves" just a small resource base 300k which they believe they will produce round 80koz in GOLD....
Add in the 2.5mill convert note ..risks as underground operation etc ....est value 20mill
Least ORS hasn't followed AYC down today ....I see AYC SPP shares will be able to trade tomorrow ...
I see only 350k of 1mill was raised in SPP ..... how much was partially underwritten by Patersons??
....IMHO If I still held my ORS I'd be bailing out quick smart on open....
ORS Price at posting:
1.4¢ Sentiment: Sell Disclosure: Not Held
